Greece is on the verge of default because of the debts

Greece is on the verge of default because of the debts

Euro zone - Greece financial debate has reached a dead end. The meeting of Ministers of Finances of European countries in Luxemburg gave no results.

To pay the next tranche of loan to the International Monetary Fund Athens has only 12 days. It is those 300 million euro the payment of which has once already been postponed from the end of May to the end of June. The financial problem of Greece has burdened the country of Euro zone so much that the first officials of the EU have decided to organize an extraordinary summit next week.

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