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Greece in IMF 'arrears'; it will default when it misses commercial payment

Wednesday, July 1st 2015 - 05:41 UTC
Full article 7 comments

Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euros, or $1.7 billion, to the fund. Read full article

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  • ChrisR

    Why don't they just piss-off already?

    Boring or what?

    Jul 01st, 2015 - 12:03 pm - Link - Report abuse 0
  • Briton

    Until they Actually go,

    they are not going anywhere soon..

    Jul 01st, 2015 - 06:37 pm - Link - Report abuse 0
  • toooldtodieyoung

    1 ChrisR & 2 Briton

    Are you watching what is happening to Greece? Are you seeing what is being done to them to keep this nightmare of a EU in existence?

    Now, while it is true that Greece did some very dodgy accounting in order to join the EURO in the first place and some of their previous governments have been in it for themselves rather than for their own people ( sound familiar yet?? ). The country has had 5 years of cuts, cuts and more cuts. imposed on them, not by their own elected government, but by the EU.

    No wonder the people are outraged!! The UK would do well to look closely at what is going on. Remember Cyprus? when Cyprus needed a bail out the EU STOLE money from the banks in Cyprus to keep the country propped up and if you say “Well, anyone with more than £100,000 in the bank can afford a 'haircut' ” what if that was your money they stole, what if that was retirement fund?

    No, the choice has to be made. do you want to keep the Euro, a fairly steady currency or do you go back to the Drachma which was prone to dip and dive?

    If this is played right, not only could Greece “do an Iceland” but they could also show what a rotten, diseased bunch of child molesting wife swappers the EU parliament really is

    Jul 01st, 2015 - 09:35 pm - Link - Report abuse 0
  • Briton

    Greece should leave,
    and Britain should follow.

    Jul 02nd, 2015 - 12:16 pm - Link - Report abuse 0
  • ChrisR

    @ 3 toooldtodieyoung
    “ and if you say “Well, anyone with more than £100,000 in the bank can afford a 'haircut' ” what if that was your money they stole, what if that was retirement fund?”

    Please don't confuse me with Argentina and robbing ANYBODY of their own money.

    Jul 02nd, 2015 - 12:53 pm - Link - Report abuse 0
  • toooldtodieyoung

    4 Briton

    “and Britain should follow”

    Yup!! We should

    5 ChrisR

    “Please don't confuse me with Argentina and robbing ANYBODY of their own money.”

    Sorry old friend, didn't mean any offence. My bad.

    I guess the point I was trying to make is that YES, Greece might be corrupt and stupid but the problems they are having now are not all of their own making. The EU is so quick to write them off if they don't toe the line....they are willing to ruin the country just to save their European dream.

    I say:- “The people gotta have a voice that is their own”

    Jul 02nd, 2015 - 06:11 pm - Link - Report abuse 0
  • ChrisR

    @ 6 toooldtodieyoung

    The EU, in my judgement, thought that by scaremongering with the threat to remove 'support' from them (by removing the Euro) the Greeks would fall into line.

    It never crossed the EU's collective mind that the Greeks would stick two fingers up to them: and then everything got out of hand.

    Jul 02nd, 2015 - 09:55 pm - Link - Report abuse 0

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