Greece month ahead- Key dates and events

Time is running short for Greek negotiators, both parties need to utilize whatever time is left, before things tumble for both the parties. Below are the key dates and events for the Greece drama to unfold further.

• Wednesday, June 17 - Press briefing by the president of the Euro Working Group

Euro group might present another set of agreement from the creditors to Greek government to consider before Thursday's meeting of finance ministers.

• Wednesday, June 17 - T-bills refinancing (€1.6bn)
• Wednesday, June 17 - European Central Bank holds non-monetary policy meeting

ECB might review its strategy towards Greek emergency lending assistance. Some are sure to call for reduction or freezing the ELA assistance towards Greece. However, ECB as suggested by Mario Draghi might continue acting as non-political, rule based institution.

• Thursday, June 18 - Euro group finance ministers meeting

This is last official meeting among the finance ministers before the deadline looms at June 30 to reach an agreement with Euro zone creditors.

• Friday, June 19 - Greek coupon payment due to the ECB (€85m)
• Wednesday, June 24 -European Central Bank might review Greek ELA
• Thursday and Friday, June 25,26 - European leaders' summit

This is the last chance to agree on a deal and political solution. Market will be very tense if talks fail at this meeting.

• Tuesday, June 30 - Deadline for bundled Greek payment of €1.5bn to IMF

Greece can choose to delay the payment by another 30 days, which is considered as grace period but such a decision would hurt the market and sentiment hard.