The showdown in Europe over past many months seems to have entered the final stage as Athens accused its creditors of ‘pillaging’ Greece for the past five years and insisted it would miss a payment to the International Monetary Fund (IMF) unless it received debt relief.
There are strong reasons for Greece to default, and equally strong not to. The situation will see resolution, one way or another, fairly soon. Though we don’t know which way it will go, we can still try and map the possibilities....
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