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RECENT NEWS
Financial Times  May 27  Comment 
Kiev denies responsibility for debt issue by ‘kleptocratic’ former regime
Financial Times  May 26  Comment 
Yanis Varoufakis says he expects payment deadline to be met on IMF loan
Reuters  May 26  Comment 
Greece and its European creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week.
Financial Times  May 24  Comment 
Nikos Voutsis says the government cannot raise enough money to pay pensions and its creditors
Financial Times  May 20  Comment 
‘Risk of eventual Grexit should not be underestimated’
Reuters  May 20  Comment 
Greece will not be able to make a payment to the International Monetary Fund due on June 5 unless foreign lenders provide more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens that it is on the verge of default.
The Economic Times  May 19  Comment 
RBI governor Raghuram Rajan has been critical of banks resorting to debt recast and postponing the problem of identifying bad loans.
Forbes  May 18  Comment 
Greece may be on the verge of default. With a massive amount of debt and much of it coming due soon, if it cannot repay, it will default and send shock waves throughout the global financial system. Learn more in this article.




 

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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