Greece to default debt

June 30,2015 (LBO) - A senior government official of Greece has declared that Greece will not honor loan installment repayment of USD 1.


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8 falls due on Tuesday, media reports say. Analysts say this brings Greece a step closer to departure from Eurozone.


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Leaving the Eurozone is highly complicated, as the agreement that brought nations together to use single currency does not provide a clear path for departure. People in the know say, in fact the whole agreement was made with an aim of departures not plausible.


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Asian markets reacted sharply on Monday showed some marginal recovery in early Tuesday trading. Updated
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