Greek people have begun stockpiling food and petrol, as today’s deadline for a due IMF payment looms large.
A default on the payment looks like the most probable outcome, and the consequences of that are largely unpredictable.
Greece will hold a referendum next Sunday on whether or not to accept harsh financial conditions in return for more bailout money from Europe.
Last night, thousands of people defiantly gathered in front of the Greek parliament in Athens to call for a “No” vote on such referendum.