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Greece Defaults… What’s Next?
by Chuck Butler
Daily Pfennig
Good day… And a Wonderful Wednesday to you! Well, the deed was done yesterday, Greece, defaulted on their loan payments due to the IMF. I have to think the IMF is kicking themselves right now for bundling all those payments due during the month of June into one large payment due at the end of the month! Oh, and what a faux pas I made yesterday! I said the amount due was 1.6 Million… What dolt! Of course it’s 1.6 Billion with a Capital B, as former President Ronald Reagan used to say! Heartsfield greets me this morning with their song: Pass Me By…
I sure didn’t sleep worth a plug nickel last night… But I don’t seem to be dragging the line right now, so I’ll just keep going until I hit the wall! Well, Greece did attempt to get the Eurozone leaders to accept their plea for a last minute funding of their loan payments, so they didn’t have to live with the stigma of “a default country”, but the Eurozone leaders turned a deaf ear to the pleas…
Continue Reading at DailyPfennig.com…
Source: http://financialsurvivalnetwork.com/2015/07/greece-defaults-whats-next/?utm_source=rss&utm_medium=rss&utm_campaign=greece-defaults-whats-next
