Greece’s redemption timeline

Greece’s current €172bn rescue programme is due to end on February 28 and the Syriza-led government is fast running out of cash. Any rescue package must be approved by Germany’s Bundestag

FEB MAR APR MAY JUN JUL AUG SEP OCT DEC

Feb 28: Extension to bailout expires at midnight

Mar: €4.4bn of Greek Treasury bills mature. €1.4bn loan from International Monetary Fund due for repayment

Apr: €2.4bn of Greek T-bills mature

May: €1.4bn of T-bills mature

Jun: €2bn of T-bills mature

Jun: €1.4bn IMF loan due for repayment

Jul: €3.5bn repayment due on bond held by European Central Bank and other eurozone central banks

Aug 20: €3.2bn repayment to ECB and eurozone central banks

Sep: €1.4bn IMF loan due

Yanis Varoufakis: Greek finance minister – elected on mandate to end austerity

Wolfgang Schäuble: German finance minister – Germany has contributed €65bn to Greek bailout

Dec: €1.4bn IMF loan

€22.5bn Greek loan repayments in 2015

Sources: Bruegel, BNP Paribas 

Pictures: Associated Press

words 165