If negotiations stall, financial and liquidity stress, resulting from Greece’ inability to borrow at current interest rates – ten-year bond yields have reached 9.5 % – will weaken the fiscal position and banking system further. This could lead to a collapse in confidence, triggering financial upheaval and, in turn, forcing the country to seek a third bailout – one that would require Greece to leave the eurozone and introduce a new, devalued currency.