In his weekly commentary, SMU Adjunct Faculty Larry Haverkamp wrote about how Greece has to arrange its debt payment by the end of May, and its dues to the International Monetary Fund by June 5. Prof Haverkamp noted that Greece's options include renewing its 240-billion Euro bailout package under Europe's conditions, or even giving up the Euro and returning to the drachma as its main currency. He added that it is best for Greece to accept a new bailout that mostly extends the terms of the current deal, even if this may lead to Greece having to cut government salaries and pensions, firing government workers and imposing sales taxes.