WhatFinger

And probably leave the Eurozone too.

Under weight of massive welfare state, Greece about to default on IMF loans


If you want to know what happens when a nation absolutely refuses to reform its insane spending - even when it finds itself at the brink of fiscal collapse - I give you Greece. Not that you want it. The International Monetary Fund doesn't. The Eurozone doesn't. The Greek banking system is now shut down, and we're a day away from Greece defaulting on its IMF bailout loans. When the Europeans presented Greece with an ultimatum - reform the spending now or be cut off - the most the Greek politicians were willing to do was call a referendum on the matter. And as we now see, that's not anywhere near good enough:
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