What Journalists Should Know About the Greek Banking Crisis

by: Al Tompkins | Poynter

Greece’s debt crisis most likely touched your retirement and investment accounts today as markets tumble on news that Greece will likely default on a loan from the International Monetary Fund (IMF). Greek banks are closed and the country of 11 million people has become a global focal point, again.

 

What’s the Problem? Greece has a big payment due Tuesday. The country owes the IMF 1.54 billion euros. The fear, of course, is that Greece will default on the loan. The payment is due at 6 p.m. Eastern Standard Time Tuesday.

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