Juncker: Grexit scenario has been prepared in detail.

FXStreet (Córdoba) - At a press conference following EU summit, EU's Tusk sayid only five days left to find an ultimate agreement for Greece and the final deadline ends this week.

Tusk added that following the Greek referendum, Alexis Tsipras agreed to apply for a new bailout including strict conditionality. Greece will set out, by Thursday 9th July at the latest, its reform plans.

Meanwhile Jean-Claude Juncker, European Commission head, said that he expects the Greek government to make detailed reform proposals. He also said he is strongly against a Grexit but cannot prevent it if Greek government does not do what is asked of it. He added that a Grexit scenario has been prepared in detail.