Deutsche Bank: 5 steps on how to avoid possible Grexit

Deutsche Bank has circulated a chart describing the five necessary steps in order for Greece to avoid an exit from the Eurozone, the financial markets' "bogeyman" known as "Grexit".

-The first step is a short-term bailout extension, or "loan agreement" extension, as Athens prefers to call it.

- The second step is negotiation towards the completion of the existing bailout program

- The third step is approval by the Greek Parliament

- The fourth step is negotiation of a new program

And last, but not LEAST is the fifth step: approval by the other eurozone national parliaments as well as Greece's Parliament.