Friday, 5 June 2015

Greeks not bearing gifts anymore

The Greeks have decided to skip today's €300m payment to the IMF. They've had a peek at the small print and it turns out they are allowed to do this so it's not a default. In fact, they are going to skip all their payments due this month and roll everything up until the last possible payment date, June 30th, when €1.5bn will be due. Then they will probably skip that.


Anonymous said...

Did you get any money on the Credit?

Anonymous said...

Don't you hate autocorrect?

Not credit, Grexit!

Nationalist said...

How to profit from a Grexit? I'm not sure I know how to do that, and I'm not sure a Grexit will happen anyway. Imagine how much power you have when you owe €360bn. The creditors will do almost anything to stop you walking away from the table.

If you want to profit from Greece take a holiday there. Just don't book it until July 1st at the earliest. ;)

Anonymous said...

I'd assumed Betfair?