{"id":9542,"date":"2015-06-29T11:24:30","date_gmt":"2015-06-29T16:24:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9542"},"modified":"2015-06-29T11:24:30","modified_gmt":"2015-06-29T16:24:30","slug":"greece-will-default-to-imf-tomorrow-government-official-says","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9542","title":{"rendered":"Greece Will Default To IMF Tomorrow, Government Official Says"},"content":{"rendered":"

Greece Will Default To IMF Tomorrow, Government Official Says<\/a><\/h3>\n

Earlier today, as the exchange between Greece and its creditors got increasingly belligerent, Estonian Prime Minister Taavi Roivas told public broadcaster Eesti Rahvusringhaaling in interview that a possible Greek decision to leave euro area wouldn\u2019t soften stance of other EU countries and\u00a0that Greece\u2019s debt would still remain outstanding and creditors would expect this money back.”<\/strong><\/p>\n

“If Greece leaves, the value of their new national currency would decline very fast, so their solvency would still worsen further. They will either have to cut spending or improve their tax revenues. There are no other options.”<\/p>\n

So did this latest antagonism change the Greek mind? According to a flash headline by the WSJ released moments ago, not all. In fact, Greece just made it official that it would default to the IMF in just over 24 hours.<\/p>\n

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\"\"<\/span>WSJ Breaking News<\/span>\u00a0@WSJbreakingnews<\/span><\/a><\/div>\n<\/div>\n
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Greece won’t pay IMF tranche due Tuesday, government official says http:\/\/<\/span>on.wsj.com\/1IFg2Tc\u00a0<\/span><\/a><\/p>\n