The Greek treasury has announced that it does not have the 1.6 billion euro it owes to the International Monetary Fund (IMF) as part of an installment program to repay for its bailout. However, they are in talks to find an alternative program to help the country meet the loan payments. In recent months, unemployment has increased an GDP has fallen 25% since 2010. Greece may decide to the leave the euro currency, but this would have an even more disastrous impact on its ability to finance its massive debts.
Kevin McMahon
http://www.bbc.com/news/business-32864068
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