2 2 mins 7 yrs

Well, it has happened. To no-ones great surprise, Greece has become the worlds first “wealthy” country to default on an IMF loan, following in the illustrious footsteps of the likes of Zimbabwe and Cuba. Well done to the EU – you sure know how to bring about transformation!

Greece has missed the deadline for a €1.5bn (£1.1bn) payment to the International Monetary Fund (IMF), hours after eurozone ministers refused to extend its bailout. But the ministers say they will discuss a last-minute request from Greece for a new two-year bailout on Wednesday.

Greece is the first advanced country to fail to repay a loan to the IMF and is now formally in arrears. There are fears that this could put Greece at risk of leaving the euro.

Greece should not look upon leaving the Euro “as a risk” – remaining in it is the risk! Yet the Greek people are mostly sheep who have voted in a Government that simultaneously is pledged to remaining IN the Eurozone whilst refusing to conform to the economic rules of it!

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  1. Typical Greek chaos.

    Tsipras accepted the creditor deal this morning (according to the MSM), and then said the referendum will go ahead and he’ll campign against it.

    Presumanly he’s hoping that a no vote will strengthen his hand, at which point the creditors will tell him to sod off.

  2. Walter Cronkite ‏@CronkiteSays 3h3 hours ago

    Pres. Obama and Al Gore contacted Greece today to remind them that the biggest problem they face is global warming.

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