Business Breakdown: Grexit on the cards

Sun, 28 Jun 2015

June 29 (BusinessDesk) - The end game is fast approaching for Greece as its deadline to make a 1.55 billion euro payment to the International Monetary Fund looms tomorrow. Without the funds to pay, fears are growing that Greece will default and exit the Eurozone. In a last minute move that apparently surprised some of his negotiators, Greek Prime Minister Alexis Tsipras announced plans for the country to hold a July 5 referendum on proposed bailout terms with its creditors. Given the deadline for Greece to agree to that bailout package ex...

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