Richard Quest (CNN Business): Greece will default on debts

[brooklynite]

Richard Quest ‏@richardquest 2h2 hours ago

economy minister admitted #greece didn't have money to pay @IMFNews and would default. Said repayment would be "impossible"

[Iliyah]

1. ???

[brooklynite]

2. The deal which fell apart was about the European Central Bank providing ongoing loans to Greece...

...without them, they are unable to meet their debt obligations to the IMF (due Tuesday).

[Iliyah]

3. And Greece's future, total depression wherein it affects Europe in total, and

if so, again, the not so fortunate suffers greatly...

Mankind never learns and greed is it's weakness.

[msongs]

4. I read here on DU that this is caused by those pesky old people who want some sort of

retirement as compensation for a lifetime of working for low wages while the wealthy lived it up on the backs of their labor

[winstars]

5. Yeah, I think I saw that too... All to true!!! nt

[brooklynite]

7. Perhaps so; how would you provide it?

[Agschmid]

6. Kick.