They could still make payment after Friday. Just means the clock has started ticking. There's nothing to say they can't reach an agreement after Friday either
If the US GOVERNMENT was a business then they would be bankrupt. Keep the Interest rate down and you can kick the can a lot longer. Is it a Ponzi scheme? The Federal Reserve, the Treasury, the Banks and the Government with the help of Wall St have it all covered until the DerivativeS COLLAPSE. Regards Errol 43
I'm following the latest news updates on google and even with only 6 hours to go until friday not a single solution/deal has been made. This Greek crisis is a joke!!!
This is the easiest place to follow the latest action http://www.theguardian.com/business...ut-talks-tsipras-creditors-offer-live-updates
Thanks for that C.L. SO is Europe about 24 hours behind Oz is it....SOme of those updates seem a bit old already. No use staying up all night to get the latest news then? Might be better off following google news with searches within the last hour me thinks???
Ye sorry mate I just realised that they are live and they automatically update. Thanks heaps for the link!!!
Apparently the IMF is cool with them not paying Friday and will let them pay at the end of the month instead. They say they have the cash to make the first two payments away. So the road and the can have been defined and now there are top level high pressure negotiations on kicking the can and how far to kick it and who will be apportioned blame for kicking it. It is like watching an opiate addict blaming his childhood arguing with a pay day lender and them both agreeing to keep the charade going another week until his social insurance comes in with a loanshark standing outside telling him to wreck the pay day lenders business as much as possible and then he'll lend him money for another fix. Pathetic.
I'll be backing up the oil tanker if it drops again. I'm still up 16% on oil, but if goes back down to there or even lower I won't be sad, I'll happily buy more.
Varoufakis has just said the deadline can be pushed to 30th of June, the creditors still want pension cuts and vat on the table
default can never happen, all is just air. German can and must fix this, or GrExit go to AIIB or Russian loan, either way no default.
The Greek government will look bad if they accept what is currently being proposed or any realistic compromise.
Take a look at how much Russian foreign reserves have collapsed since 2014 to date. Russian GDP is forecast to continue contracting continuously through to 2016. Russia represents 3.38 percent of the world economy. The GDP value of Euro Area represents 20.56 percent of the world economy. Outside of kremlin propaganda fantasies there is no way that Russia can support Greece is the ECB and IMF can't. Why do people repost this kremlinoid shite....
The International Monetary Fund (IMF) has confirmed that Greece will be bundling four debt repayments due in June at the end of the month, averting the possibility of a Greek default today. "The Greek authorities have informed the Fund today that they plan to bundle the country's four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month". Greece's first 300 million euro ($439 million) payment had been due on Friday, with cash-strapped Athens slated to hand another 1.3 billion euros over on later dates in June. The move comes at a critical time for Greece and its IMF, European Union.. ABC news
