A BIG FAT GREEK CRISIS
Hopeful Start to Greek Debt Negotiations Quickly Soured
Greece says gap with creditors on deal is small
Greece crisis live: country to run out of essential food and medicine

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.

Elsewhere, some people had started hoarding gasoline and groceries. “We don’t know what the new day will bring,” said Katerina Vorreadi, who was among a group of retirees waiting in line outside the National Bank of Greece on Saturday night.