Athens could be forced to take drastic action, including snap elections, amid fears it will miss €305m payment to IMF on Friday, investment bank saysGreece may have to default on its debts and impose curbs on bank withdrawals before reaching a deal with its creditors, according to Goldman Sachs, as a crucial payment deadline approaches.The pressure on Athens increased on Monday as a senior German central banker warned that it was “five minutes to midnight” for a Greek financial system on the cusp of collapse.The Greek government would be well advised to act quickly. For the Greeks banks it is five minutes to midnight Continue reading...
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