28th May 2015 archive

“The Greek Endgame Is Here”: Probability Of IMF Default Now 70%, Says Deutsche Bank

As the farcical negotiations between Greece and its creditors unfold ahead of a June 5 IMF payment and as Alexis Tsipras is forced to spread false hope just to avoid a terminal bank run, a picture of the Greek endgame has emerged. On the political front, the troika is intent on sending a strong message …

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Today’s News May 28, 2015

Greece Owes $1.2 Billion To Drugmakers As Government Can No Longer Afford Basic Medical Supplies Talks between Greece and its creditors went full-retard on Wednesday when the following soundbite from Canada’s FinMin Joe Oliver hit the wires: “No Greek payment to IMF would be default to IMF” That seemed self-evident to us, but in a …

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