International News
As discussed in Tuesday’s report, yesterday the Greek government was scheduled make a €750M to the IMF. Global investors kept a close eye on this as many speculate on the affordability of the debt-torn government to keep up with payments. In an interesting development, the poor man of Europe Greece was forced to tap its holding account at the International Monetary Fund for €650M of this payment in yet another sign of the country’s increasingly desperate cash crunch. The IMF gave permission for the withdrawal on the grounds of an “emergency situation”, one Greek official said [...]
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