Missed IMF Payment Puts Greece Into New Territory
Greece missed its loan payment, becoming the first developed country to fall into arrears with the IMF. But no one knows what the result will be.By Steven Sparkman | July 1, 2015
Greece officially passed the deadline on its 1.5-billion-euro payment to the International Monetary Fund. It's the first "developed" country to do so, and no one is quite sure what will happen next.
"Just about everybody you speak to agrees that we are now in totally uncharted waters," CNN's Richard Quest said.
"Where it goes to from here is anybody's guess," 9News's Ross Greenwood said.