[JohnBrowdie]

this could be the first domino.

[chris37]

Why would anyone lend a broke and irresponsible entity or person money?

[The_Republic_Of_Maine]

Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid,

Wish I could do that with my mortgage holder.

[jocon307]

My understanding is they never should have been permitted to join the Euro-zone, that they got in via deception (and possibly winking at that deception by others) and they should get out ASAP.

[Karl Spooner]

If Fort Knox ain’t dry yet, it will be.

[Telepathic Intruder]

Even a little socialism is enough to drag a country down.

[dp0622]

so they need to borrow money from the IMF to pay the IMF?

[fieldmarshaldj]

Fiscal Conservatism doesn’t cost a thing. Socialism costs everything.

[The_Reader_David]

Anyone who, whether through stupidity or a desire to wield control over another country, lent money to the Greek state deserves to be repaid in new drachma, or not at all, perhaps especially the ECB and IMF, which (in the remarkably cogent description of the current Greek prime minister — one of the few times I have ever read a sound economic analysis originating on the left) treated an insolvency crisis as if it were an illiquidity crisis, the last time around, and gave more loans to the already bankrupt Greek state, not to help either the Greek people or the Greek state, but as a way of shielding private banking interests from their exposure to bad Greek debt.

[upchuck]

How many times is this that Greece said it would default? This is getting to be like the little boy who cried, “Wolf!”

[SkyDancer]

Like borrowing from one credit card to pay the other credit card.

[Extremely Extreme Extremist]

I thought socialism worked?

Utopia!

[Norm Lenhart]

You know, I could swear I read some version of this exact thing every month for the last couple years now. Why is this considered news? Dogs eat every day. We mow lawns every day. Birds fly every day. These things are no more newsworthy, surprising or unexpected than the same rehashed groundhog day proclamation about the Greece economy.

[davius]

Several decades ago, a kid named William Terry borrowed a dime from me so he could get an ice cream sandwich. The next day he asked for another loan. I reminded him he owed me from the prior day. He said he wouldn't pay me unless I lent him a second time. Gobsmacked, I told the teacher what he was up to. She laid it back on me for lending him money in the first place.

That afternoon, I again asked him for the dime. He replied I would never get it from him. I punched him square in the solar plexus and he crumpled like a dollar bill in a pole dancer's G-string (Laz alert). The school people asked me about it and I told them I'd reported the situation to an adult and was made to understand I had to take care of it myself, which I did. I never heard another word about it.

[Shadow44]

Greece will be fine. The ECB will QE infinity. That way they can be in debt forever!

The masters of the universe have spoken! /sarc

[loungitude]

Grab your ankles!

[Oliviaforever]

The IMF can write off the debt, extend more credit to Greece of let the Greeks default.

If the IMF chooses to let Greece default, the euro will crash.

The Greeks are in control of the situation

[tumblindice]

“Loan me more money or I’m going to see a bankruptcy lawyer.”

I usually heard this when a lawsuit was threatened.
Pouring more money into a money pit is just silly.

[Harmless Teddy Bear]

Unless you give us more money we can't continue to pay back our earlier loans.

I believe the time to cut their losses has arrived for both sides.

[Oldeconomybuyer]

Greece has been blustering about default for years.