Wednesday, June 3, 2015

REPORT Greece Will Not Pay IMF on Friday Without Prospect of a Deal

The payment of 300 million euros ($335 million) is the first of four this month totaling 1.6 billion euros from a country that depends on foreign aid to stay afloat.

Greece owes a total of about 320 billion euros, of which about 65 percent to euro zone governments and the IMF, and about 8.7 percent to the European Central Bank

Greece should, of course, stiff the banksters and stop negotiating for more bankster money. They should lift the incredible regulatory restrictions on the economy and allow the economy to rock. That is unlikely to occur however with a radical left government in charge in the land where Socrates once roamed.


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