The Traderszone Network

Published in TZ Latest News 12 May, 2015 by The TZ Newswire Staff

Europe Preparing Greek Bankruptcy Loan "In Event Of Grexit"

Earlier today, we learned that, contrary to what Greek government officials had been implying for the better part of a week, Athens did not have enough money to make a €750 million payment to the IMF on Tuesday. Instead, Greece borrowed most of the money (€650 million according to unnamed officials) from its IMF SDR reserves. This money must be paid back within 30 days.

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