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RECENT NEWS
Wall Street Journal  26 min ago  Comment 
European stocks rose in early trade, tracking gains in the U.S. and Asia, but moves are expected to be limited and trade thin, with investors wary ahead of this weekend’s Greek referendum.
newratings.com  5 hrs ago  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...
MarketWatch  5 hrs ago  Comment 
The Puerto Rico Electric Power Authority and its creditors are close to a deal that would allow the cash-strapped utility to pay more than $400 million to bondholders, The Wall Street Journal reports.
New York Times  6 hrs ago  Comment 
Near the deadline for a loan payment, Prime Minister Alexis Tsipras asked for another bailout, which would buy time for Athens to renegotiate its debt.
The Hindu Business Line  5 hrs ago  Comment 
Wall Street Journal  11 hrs ago  Comment 
The Puerto Rico Electric Power Authority and its creditors were close to a deal that would allow the cash-strapped utility to pay more than $400 million to bondholders, staving off what investors feared might be the first default of many from the...
Forbes  12 hrs ago  Comment 
The Eurozone institutions’ reaction to the bank closure and capital controls imposed in Greece after the ECB froze ELA funding to the banks was one of horror. “Oh my god what have we done?” about sums it up. And they have been scrabbling...
New York Times  Jun 30  Comment 
Near the deadline for a loan payment, Prime Minister Alexis Tsipras asked for another bailout, which would buy time for Athens to renegotiate its debt.
guardian.co.uk  Jun 30  Comment 
The IMF may not want to classify any Athens’ failure to pay up on time as a default - but it would be first case of arrears by an advanced economy If it looks like a default, swims like a default, and quacks like a default, then it’s probably...
WA Business News  10 hrs ago  Comment 
Wall Street Journal  Jun 30  Comment 
Greece became the first advanced economy to default on loans from the IMF, despite Athens’s last-minute push for emergency aid.
The Australian  12 hrs ago  Comment 
Reuters  Jun 30  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 loan with the International Monetary Fund.




 

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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