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IT HAPPENED: Greece becomes first developed nation to default on international obligations
June 30, 2015
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The Horror Report
IT HAPPENED: Greece becomes first developed nation to default on international obligations
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Greece won’t pay the International Monetary Fund the 1.5 billion euros it owes Tuesday. A spokesman for Finance Minister Yanis Varoufakis told CNN the payment would not be made. Greece thus becomes the first developed economy to default to the IMF.
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