by Jeff Berwick, Dollar Vigilante:
The current situation is Greece is coming down to the wire, with Greece having less than 15 days to pay more than $1 billion in debt repayments to its international creditors. The prospect of a Greece default has led European leaders to prepare contingency plans and US officials saying their country should do the same. A major puzzle piece to the eurozone project, Greece, is on the precipice of becoming a poor country to the eurozone’s south.
Opinion in Greece is split. The Bank of Greece has given plenty of warning about the reality of default, while parliament’s speaker Zoe Konstantopoulou of the Syriza party published a report from the “Debt Truth Committee” saying that Greece’s debt is “odious” and should not be repaid:
Please follow SGT Report on Twitter & help share the message.