Greece to default on $1.7 billion IMF payment

Global Business

The Greek government says it will default on 1.7 billion dollars in payments to the International Monetary Fund, which is likely to further undermine international confidence in the country. The Greek Prime Minister addressed the turn of events Monday, saying it’s up to the people to decide their future. CCTV America’s Daniel Ryntjes files the report from the IMF.
Follow Daniel Ryntjes on Twitter @danielryntjes

Greece to default on $1.7 billion IMF payment

The Greek government says it will default on 1.7 billion dollars in payments to the International Monetary Fund, which is likely to further undermine international confidence in the country. The Greek Prime Minister addressed the turn of events Monday, saying it's up to the people to decide their future.CCTV America's Daniel Ryntjes files the report from the IMF.

More details:

  • The European Central Bank refused to extend an 89 billion Euro emergency fund for Greek banks, forcing them to close to avoid running out of cash.

Greeks cope with bank closures amid referendum division
Greeks woke up to a very different reality after the government’s decided to shut banks down for a week and restrict withdrawals.
CCTV America’s Filio Kontrafouri filed the reports from Athens.

Greeks cope with bank closures amid referendum division

Greeks woke up to a very different reality after the government's decided to shut banks down for a week and restrict withdrawals. CCTV America's Filio Kontrafouri filed the reports from Athens.


Saruhan Hatipoglu on the crisis in Greece
To help breaking down the crisis in Greece, CCTV America is joined by Saruhan Hatipoglu. He’s the CEO of BERI, Business Environment Risk Intelligence.

Saruhan Hatipoglu on the crisis in Greece

To help breaking down the crisis in Greece, CCTV America is joined by Saruhan Hatipoglu. He's the CEO of BERI, Business Environment Risk Intelligence.


Germany hopes Greece to accept the offer
The Greek debt crisis is setting off alarms in capitals around the world. Germany’s parliament held an emergency meeting. Many officials in Berlin have little faith in Athens’ government.
But Chancelor Angela Merkel says there’s still hope.
CCTV America’s Guy Henderson has more details.
Follow Guy Henderson on Twitter @guyhendersonsa

Germany hopes Greece to accept the offer

The Greek debt crisis is setting off alarms in capitals around the world. Germany's parliament held an emergency meeting. Many officials in Berlin have little faith in Athens' government. But Chancelor Angela Merkel says there's still hope. CCTV America's Guy Henderson has more details.


Nicholas Economides on Greek debt
For more on what’s happening in Greece and the global implications, CCTV America is joined by California by economics professor Nicholas Economides.

Nicholas Economides on Greek debt

For more on what's happening in Greece and the global implications, CCTV America is joined by California by economics professor Nicholas Economides.

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