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Greece poised for default on IMF payment

Greek banks remained shut Tuesday as the nation appeared ready to formally default on a $1.8 billion loan repayment to the International Monetary Fund.
June 30, 2015

Greece Over the Brink

It has been obvious for some time that the creation of the euro was a terrible mistake.
New York Times (blogs): June 29, 2015

David Cameron says Greece will have to leave the euro if Greece votes no in referendum

Prime Minister David Cameron has said that Greece’s referendum on austerity proposals is effectively an “in/out” vote on whether the country will stay in the euro.
The Independent: June 29, 2015

Merkel says Europe Can't put principles aside temporarily

German Chancellor Angela Merkel said Europe can’t throw aside its principles after aid talks with Greece broke down, though she said she remains open to finding a compromise.
Bloomberg: June 29, 2015

French President Hollande says exit from euro would be 'Greece's choice'

French President Francois Hollande says that it is Greece’s choice to stay in the Eurozone and that France's economy is safe from market instability after bailout negotiations failed over the weekend.
RFI: June 29, 2015

US urges Greece to resolve financial crisis

U.S. Treasury Secretary Jack Lew urged Greek Prime Minister Alexis Tsipras to find ‘a sustainable’ solution to the Greek financial crisis for the sake of the global economy.
June 29, 2015

A decision with no preparation

June 27th is a historic day for Greece. It will most probably also prove to be an ominous day, but this does not make it less historic.
Paschos Mandravelis: June 28, 2015

Europe’s Moment of Truth

Until now, every warning about an imminent breakup of the euro has proved wrong. Governments, whatever they said during the election, give in to the demands of the troika
New York Times: June 28, 2015

Greece orders banks closed as economic crisis escalates

Greek banks will remain shut for an unspecified time and the country is imposing restrictions on bank withdrawals following a recommendation by the Bank of Greece, the country's prime minister said Sunday.
Los Angeles Times: June 28, 2015

Greece to close banks, impose capital controls

Greek Prime Minister Alexis Tsipras said Sunday the country's banks will be closed and cash withdrawals restricted as the debt stalemate deepened between Athens and its international lenders.
June 28, 2015