Speculation Greece is set to default on IMF debts

Author
Michael Sergel,
Publish Date
Mon, 11 May 2015, 6:48AM
(Photo: Stock.xchng)
(Photo: Stock.xchng)

Speculation Greece is set to default on IMF debts

Author
Michael Sergel,
Publish Date
Mon, 11 May 2015, 6:48AM

It's a make-or-break start to the week for Greece, with another payment due to the IMF.

The country is confident it will be able to pay the 750 million it's required to cash-up to the IMF by tomorrow night.

But JMIS director Andrew Kelleher told Rachel Smalley many observers believe this will be the week Greece finally defaults.

"What we're really looking at here is Greece is going to default, it's just a question of when it will default and how that's going to be packaged up."