Greece eyes last central bank funds to avert IMF default

[RamRoddoc]

Now what is the problem with socialism..... Oh yeah...

http://www.telegraph.co.uk/finance/...-central-bank-funds-to-avert-IMF-default.html

Greece is preparing to tap its final pension reserves at the country’s central bank if needed to avert a devastating default to the International Monetary Fund and keep the government going over the next two weeks.


The Greeks must pay the IMF €1.5bn in a series of deadlines this month, starting with €300m as soon as Friday. No developed country has ever defaulted to the IMF in the history of the Bretton Woods financial system. Such a move would shatter confidence and reduce Greece to a financial pariah in motley company with Zimbabwe.

 

[GaMudd]

Next week's headline ---"Greece defaults, leaves Euro"......