Post New Thread Reply
 
Thread Tools Share
Old 07-01-2015, 05:59 AM   #1
bob_denard
Senior Member
 
bob_denard's Avatar
 
Join Date: Apr 2015
Location: France
Posts: 1,535
Rep Power: 11
bob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to beholdbob_denard is a splendid one to behold
Default Greece Misses $1.7 Billion Payment to IMF, Joining Zimbabwe

Quote:

Greece Misses $1.7 Billion Payment to IMF, Joining Zimbabwe

(Updates with former board member’s comments starting in seventh paragraph. For more on the Greek crisis, click here.)

The International Monetary Fund’s board has been informed that Greece is now in arrears, spokesman Gerry Rice said in a statement, after a 6 p.m. Washington deadline Tuesday for Greece’s $1.7 billion payment, coinciding with the expiration of the nation’s European bailout. Greece’s request for an extension will go to the fund’s board “in due course,” Rice said.

The European Central Bank must now consider the effect of any missed payment on the solvency of Greek banks when they discuss emergency assistance on Wednesday. The outcome may affect Greece’s euro membership. Klaus Regling, the head of the main euro-area bailout fund, has said it has the option of demanding accelerated debt payments from Greece if it doesn’t pay the IMF.

“A default on the IMF does not guarantee Grexit,” David Stubbs, global market strategist at JPMorgan Asset Management in London, said in a note to clients. If Greeks vote “yes” on an agreement with creditors in the July 5 referendum, “we think it’s still more likely than not that Greece will remain in the euro. But the probability of an exit from the single currency -- accidental or otherwise -- is now higher than it was.”

Business: Washington Post Business Page, Business News
bob_denard is offline   Reply With Quote
Post New Thread Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
“This Is A New World Order” - NATO Will Not Allow Greece Leave EU - Faber Fred O'Malley Discussing Today's News and Politics 0 05-11-2015 03:10 PM
Greece demands payment of €279 billion by Germany for Nazi-era crimes, 1headhunter23 Discussing Today's News and Politics 0 04-10-2015 03:12 PM
Greece Just Blew Up the Empire's Death Star of Debt Fred O'Malley Discussing Today's News and Politics 0 02-02-2015 08:05 AM
Jim Willie's GLOBAL MONEY WAR REPORT Fred O'Malley Discussing Today's News and Politics 2 01-25-2015 01:10 AM
Shocking Facts About The Deindustrialization Of America That Everyone Should Know Fred O'Malley Discussing Today's News and Politics 2 04-04-2014 11:39 AM

 

All times are GMT. The time now is 10:39 PM.
© White Nations™ . All rights reserved.
No part of White Nations Forum may be reproduced without consent.
Design by Creative IT World
Creator Web Team: Creative IT World

Blue Eyed Devils - Beating & Kicking (MP3 Audio)
WN Forum Comment, Video & Lyrics