17 april 2015 - Greece 'sinks' into further troubles

17 april 2015 - Greece 'sinks' into further troubles

IMG never allowed lated payment during last 30 years, and Greece has reached 'junk status' with S&P:

Speculation of a Greek default mounted after Standard & Poor’s cut the country’s credit rating on Wednesday to a low “junk”.

http://www.theaustralian.com.au/business/economics/euro-exit-fears-raised-as-imf-rejects-greek-payment-delay/story-e6frg926-1227307650795

Greece condemns proposed economic reforms:

http://www.irishtimes.com/business/economy/greece-condemns-proposed-economic-reforms-1.2179405

http://www.telegraph.co.uk/finance/economics/11543730/Grexit-dangers-mount-as-Greeces-Yanis-Varoufakis-warns-of-liquidity-asphyxiation.html

Greek bond sell-off enters fifth day:

http://www.ft.com/intl/fastft/309552/greek-bond-sell-off-enters-fifth-day

Spread on 3 year bonds between Germany and Greece rose to 2,650 basis points (graph):

http://euro-drachma-grexit.blogspot.nl/

http://www.δραχμή.gr/ is FOR SALE (contact Philippe Blankert on internetavenue@outlook.com )

///////////////////

Europe is losing hope that Greece will adopt the economic policies needed to unlock bailout funds before it runs out of money.

http://www.wsj.com/articles/europe-braces-for-brinkmanship-over-greece-1429209890

Grexit would lead to devaluation of appr; 50% and bankruptcy of companies and individuals who borrowed too much in euros - http://www.cnbc.com/id/102584164