Greece Misses IMF Payment "Effectively in Default" as Puerto Rico Next!

Greece has now officially missed the IMF payment we have been waiting for! This means that they are effectively in default to their creditors which now leaves this open to a chain reaction of meltdown.

Puerto Rico has now claimed that it is unable to pay its billions in debt making it next in line!

Sources:
“Greece, Missing I.M.F. Payment, Is Called Effectively in Default – The New York Times”
http://www.nytimes.com/2015/07/01/wor…
“My Way News – Greece’s bailout expires, country defaults on IMF payment”
http://apnews.myway.com/article/20150…
“Greek crisis deepens as loan repayment deadline passes”
http://www.usatoday.com/story/news/20…
puerto rico default debt bankrupt
http://hosted.ap.org/dynamic/stories/…
“Puerto Rico poses bigger threat to U.S. investors than Greece – MarketWatch”
http://www.marketwatch.com/story/puer…
“OppenheimerFunds warns it stands ready to defend bonds – Business Insider”
http://www.businessinsider.com/r-majo…
“15 Weeks: Treasury Says Debt Has Been Frozen at $18,112,975,000,000”
http://cnsnews.com/news/article/teren…
“A Pledge – YouTube”
https://www.youtube.com/watch?v=jXE1I…

(The Money GPS)

Facebook Comments

You might be interested in