Call it a default or simply 'arrears' but no matter how the issue is broached, the fact remains that Greece failed to repay the IMF, an amount of 1.5 billion Euros. The country also set one for the record books as it becomes the first 'advanced economy' to default on the IMF. Gerry Rice, the director of communications at the IMF, in a stateme...

2015-07-02 John Benjamin Read more