imf.jpg Home Page News Page Greece has formally fallen into arrears with the IMF, and the second aid package has expired. The markets have taken it in stride. The euro briefly pushed below $1.1100 but snapped back quickly amid reports that Greece is willing to accept most of creditors’ conditions. The euro bounced almost three-quarters of a cent on the headlines, but it likely reflects more about short-term market positioning than a serious new development. Greece has formally fallen into arrears with the IMF, and the second aid package has expired. The markets have taken it in stride. The euro briefly pushed below $1.1100 but snapped back quickly amid reports that Greece is willing to accept most of creditors’ conditions. The euro bounced almost three-quarters of a cent on the headlines, but it likely reflects more about short-term market positioning than a serious new development. Greece has formally fallen into arrears with the IMF, and the second aid package has expired. The markets have taken it in stride. The euro briefly pushed below $1.1100 but snapped back quickly amid reports that Greece is willing to accept most of creditors’ conditions. The euro bounced almost three-quarters of a cent on the headlines, but it likely reflects more about short-term market positioning than a serious new development. read more
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