Greece missed a payment to the IMF on Tuesday and defaulted, but now they are willing to do the deal, or most of the deal, that would have prevented it. According to CNN:
Whoa! The Greek government is now ready to sign on to a bailout package it threw out just days ago, but the about-face won't fix the country's crisis any time soon.
Additional coverage of the Greek Referendum and the political backlash in the Eurozone can be found from the BBC.
It looks like they want to add amendments, so this is not a done deal. Maybe it's not too late for Greece? Or is the Euro better off without Greece? Or Greece without the Euro?
(Score: 0) by Anonymous Coward on Thursday July 02 2015, @04:48AM
The only creditors left are central banks and hedgies. They can either afford the loss or have the ability to print to overcome it. They will let the Greeks go down in a blaze of self-immolation and then they will all move on with their lives.