Greece misses IMF payment
Greece missed last night’s due €1.6bn payment, thus becoming the first developed country in history to default on an IMF loan. The Greek government has made last minute attempts to have its massive debt rescheduled, …
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Stores shelves empty as panic sets in around Greece
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 …
Banks to remain shut in Greece tomorrow
The Greek government have made an emergency decision to keep its banks and stock exchange shut tomorrow, amidst growing fears of a default. People were queuing at ATMs over the weekend in an attempt to …