What's next for Greece

by Chris Isidore

CNN Money
May 20, 2012

Efforts to keep Greece out of default and in the eurozone grow more uncertain by the day.

The next few months will determine how successful those efforts will be. And the ramifications could prove crucial for other troubled European countries, as well as the broader global economy.

Investors fear that if Greece's situation worsens, it could lead to a "Lehman" moment that causes a meltdown in global financial markets.

Here's what's coming up.

In coming days: Lifeline for banks The European Central Bank stopped providing loans to some Greek banks last week, saying the banks needed to recapitalize before loans would resume. The recapitalization is expected to be completed within days.

The €23 billion needed by the banks will come from the bailout approved in March by the so-called troika -- the European Union, the ECB and the International Monetary Fund. The money is currently sitting in an escrow-like account and has yet to be disbursed.

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