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.

4 comments:

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?