Although the Eurogroup remains committed to keeping Greece in the Eurozone, the group's chair, and Dutch Finance Minister Jeroen Dijsselbloem, told broadcaster BNR that there are scenarios in place should Greece not capitulate to EU demands in July, and that the potential options had already been played out elsewhere, pointing to Cyprus as a possible future outcome, “Think about Cyprus”, he said. “The banks there limited withdrawals for a while, capital inflows and outflows were subject to numerous conditions, and so all kinds of scenarios are still conceivable,”

 
Although Greece has secured a four month extension to its current bailout programme, the tensions between the new Greek government and the Eurogroup over which policies Greece should follow to tackle the ongoing economic crisis will be centre stage again in coming months.
 
Dijsselbloem asserted that the Greek recovery has gone 'remarkably well', with the most severe cuts having already taken place, but cited 'political uncertainties' as a potential source of 'setbacks'.
 
Read also here our SPECIAL REPORT on the Cyprus scenario: How the Troika and Piraeus Bank sealed Cyprus' fate.