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RECENT NEWS
SeekingAlpha  Jul 19  Comment 
The Hindu Business Line  Jul 13  Comment 
It is a distant memory now. But, the sight of a beleaguered Greek PM, negotiating with creditor nations to stave off the prospect of a total collapse, would have reminded many of how close Indi...
guardian.co.uk  Jul 7  Comment 
A safeguard tariff is a better idea than anything offered by Ofgem, and while the CMA’s report is unremarkable, finding that households overpay by £1.2bn a year calls for regulator action It is possible there a few people who haven’t heard...
The Times of India  Jul 6  Comment 
Now that the Greek people have rejected their creditors’ proposal on how to go about paying back the $340 billion they owe, the question being asked around the world is — now what? Actually, this is not a difficult question to answer because...
The Economic Times  Jul 1  Comment 
Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece default on a loan with the IMF
newratings.com  Jul 1  Comment 
CANBERA (dpa-AFX) - Asian stock markets are in positive territory on Wednesday amid cautious trades after cash-strapped Greece became the only developed country ever to fall into default after it missed a 1.6 billion euro payment to the...
The Hindu Business Line  Jul 1  Comment 
Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a l...
New York Times  Jul 1  Comment 
The I.M.F. does not use the term default. But missing the payment might lead to a situation in which other Greek debts are classified as defaults.




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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