Here Are the Most Important Dates Ahead in the Greek Crisis

Put these on your calendar

by David Powell, Bloomberg

Greece is trying to accelerate the disbursement of financial aid as its coffers run low and it remains largely locked out of the bond market. The country faces the risk of failing to secure adequate funds to pay its debts. Here are the major dates to watch through August.

March 30: The Greek government may submit a comprehensive list of proposed reforms by this date in order to secure more bailout funds. The aim of meeting this deadline would be to speed up the disbursement of money from the schedule agreed on in February, when the European Commission, European Central Bank and the International Monetary Fund granted a four-month extension of the existing bailout agreement.
April 9: Greece will have to make a payment to the IMF of about 360 million Special Drawing Rights (SDRs). That equals about 458 million euros.
April 14: Greece must roll over 1.4 billion euros of Treasury bills.
April 17: Greece must roll over 1 billion euros of Treasury bills.
End-April: Under the February extension agreement, Greece must provide further details on its promised reforms and these must be approved by the ECB, the IMF and the European Commission.
May 8: Greece must roll over 1.4 billion euros of Treasury bills.
May 12: Greece will have to make the largest payment of the month — about 601 million SDRs to the IMF. That equals about 763 million euros. Payments due throughout May total 758 million SDRs. That equals about 963 million euros. For the exact dates, see the IMF’s website.
May 15: Greece must roll over 1.4 billion euros of Treasury bills.
June 5: Greece will have to make a payment of about 240 million SDRs to the IMF. That equals about 305 million euros.
June 12: Greece will have to make a payment of about 270 million SDRs to the IMF. That equals about 344 million euros.
June 12: Greece must roll over 3.6 billion euros of Treasury bills.
June 16: Greece will have to make a payment of about 451 million SDRs to the IMF. That equals about 573 million euros.
June 19: Greece will have to make a payment of about 270 million SDRs to the IMF. That equals about 344 million euros.
June 19: Greece must roll over 1.6 billion euros of Treasury bills.
End-June: The extension expires for the “Master Financial Assistance Facility Agreement,” as Greece’s bailout is known.
July 10: Greece must roll over 2 billion euros of Treasury bills.
July 13: Greece will have to make a payment of about 360 million SDRs to the IMF. That equals about 458 million euros.
July 20: Greece’s 3.5 billion-euro bond held by the ECB matures.
Aug. 8: Greece must roll over 1 billion euros of Treasury bills.
Aug. 20: Greece’s 3.2 billion-euro bond held by the ECB matures.