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| Europe |
| Greece will not pay IMF loan due on Tuesday: government official |
| 2015-06-30 |
| [NEWS.YAHOO] Greece will not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday, a Greek government official confirmed on Monday, highlighting the depth of the financial crisis facing the country. Ministers have said repeatedly that Greece would not have the funds to pay the IMF unless it reached a deal with creditors to unlock 7.2 billion euros in bailout funds frozen while the two sides wrestled over the conditions demanded of Athens. |
| Posted by:Fred |
| #6 Its July 1st GU Time, + CNN'S RICHARD QUEST IS ALL OVER IT. Would like to hear FOX NEWS's take on same, but the vendor blocked the channel out on its new flatscreen. |
| Posted by: JosephMendiola 2015-06-30 21:37 |
| #5 ..which |
| Posted by: Procopius2k 2015-06-30 09:10 |
| #4 Friday, maybe? |
| Posted by: g(r)omgoru 2015-06-30 05:21 |
| #3 (Where in reality it probably should be anyway for electing a communist in the first place) Posted by junkiron Cause please meet effect. Similar outcomes may await us here as well. Our 49 percent crowd will remain in steadfast 'Greek' denial. |
| Posted by: Besoeker 2015-06-30 02:14 |
| #2 As further evidence that Syriza never ever had any other intention except to default on the E.U./IMF loan: On Saturday evening the E.U./ IMF financial ministers, in a last ditch effort to prevent Greek default, offered a new proposal conceding to the major and majority of Greek demands. Greek negotiators refused to even look at the new proposal and walked out on negotiations. A few hours later Tsipras called for the referendum. Greek PM Alexis Tsipras, (like Obama) won election by making promises to the people he knew from the beginning were impossible to keep. This week leaders of the IMF and EU/ECB once again called Tsipras's bluff. With bailout funds due to expire on June 30, and the opposition party calling for a new elections, Tsipras knew the ruse was over. Late on Saturday night, Tsipras desperate for a scapegoat responded by calling instead for a "referendum" (to be held on July 5). The referendum, asks the Greek people to choose whether to accept the E.U. bailout (and the demanded austerity) or leave the Euro. As things currently stand, there will be no actual bailout proposal being offered on July 5 for the Greek people to accept or reject. Since the bailout program will already be expired and the banks out of money, the referendum will be pointless except to assign blame away from Tsipras. If the Greek voters vote "no" then the default gets blamed on the people. If people vote "yes" the E.U. and the people get blamed. Either way the vote solves nothing because the EU/ECB and the IMF will still refuse to release bailout funds without a new negotiated agreement. But either way Tsipras passes the responsibility and blame onto the backs of the Greek voters. (Where in reality it probably should be anyway for electing a communist in the first place) |
| Posted by: junkiron 2015-06-30 02:08 |
| #1 I am so surprised by this. You could knock me over with two by four. Literally. I do like the "we can't pay you back unless you loan us more money" part, though. |
| Posted by: SteveS 2015-06-30 00:48 |