Thursday, May 28, 2015

28 May 2015 - EU and Greece defer deal to last moment

http://in.reuters.com/article/2015/05/28/eu-greece-moscovici-idINL5N0YJ51W20150528

Greece probably does not have the required 300 m euro next week Friday June 5 to repay IMF.

Both EU and Greece bet on 'gaming on the spot' on June 5 or later

What will happen first? Default to IMF or default to pay salaries and pensions?

Only latter will make Greece make a move.

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