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Greek debt crisis: what will happen next?

The eurogroup is close to the end of the road

By George Magnus  

Alexis Tsipras is under increasing pressure © Petros Giannakouris/AP/Press Association Images

Greece’s decision not to pay the International Monetary Fund the €300m it owes the creditor today and to “bundle” all of the €1.5bn due in June to the end of the month means that the long-running saga over Greece is going to rumble on for a while. But a denouement is on the horizon.

The laborious negotiations cannot continue ad nauseam for the simple reason that with the payments due to…

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