Euro fades only a little to $1.1136 as Greece becomes first developed economy to default on International Monetary Fund loanAsian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action. Although an unwelcome milestone for Athens, it came as no surprise to investors after weeks of stop-start talks, and the euro faded only a little, to $1.1136. Related: Greek failure to make IMF payment deals historic blow to eurozone Continue reading...
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