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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, July 1, 2015

Greece defaults on IMF payment despite last-minute overtures to creditors

By Renee Maltezou and Robert-Jan Bartunek ATHENS (Reuters) - Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. As a result, IMF Managing Director Christine Lagarde will report to the global lender's board that Greece is "in arrears," the official euphemism for default.


READ THE ORIGINAL POST AT uk.news.yahoo.com