Greece and Europe miles apart as crisis talks start

The impasse threatens to cut off the lifeline keeping Greek banks afloat later this month, and could ultimately force Greece to abandon the euro. Analysts say the chances of a ‘Grexit’ are higher than at any point since the second round of the Greek debt crisis in 2012.

Related: How Greece could stumble out of the euro

With other countries such as Ireland, Portugal and Spain having worked through their own painful bailout programs, Europe is in better shape than a few years ago to cope with such a shock. And less inclined to give Greece much ground.

— CNN’s Nina dos Santos contributed to this article.

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