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Andrew Anglin
Daily Stormer
July 1, 2015
Well, it has happened.
Greece has become the first developed country in history to default to the International Monetary Fund.
The cash-strapped nation failed to make a €1.5bn payment to the IMF by an 11pm deadline on Tuesday, triggering an arrears process which was last suffered by Zimbabwe in 2001.
In a statement, the IMF said: “We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared.”
Greece now joins an ignominious list of states including Sudan, Zambia and Peru who have failed to make their commitments to the world’s “lender of last resort”.
The default comes after the country lodged a desperate last-minute plea for a reprieve to the IMF, according the Greek deputy prime minister Yannis Dragasakis.
Spokesman Gerry Rice confirmed the IMF had “received a request from the Greek authorities for an extension of Greece’s repayment obligation that fell today, which will go to the IMF’s Executive Board in due course.”
It is less than clear what this means.
I guess either Greece exits the EU or they don’t.
They are definitely going to vote “no.” But that may simply lead to the Troika deciding to lessen the new punishments, keep them more similar to the old punishments. Though that would certainly make them look weak, so maybe they aren’t keen to do that.
I still have a hard time believing in true happenings.
Speaking on the crisis on Friday, the Greek foreign minister had an interesting prediction.
“So you are not giving a solution to Greece, you press the Greek government? What can be the solution? Golden Dawn is coming. Nobody has an interest in that, so that is why they will find a solution,” said Kotzias, highlighting the far-right political party that is the third largest in parliament.
