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Greece to Default on $1.8 Billion IMF Loan Payment

Greece says it will not be able to make a $1.8 billion loan payment due Tuesday to the International Monetary Fund (IMF), with Athens facing the expiration of its international bailout and without enough money to pay the debt. World markets tumbled Monday with the spiraling Greek debt crisis, even as Athens shut its banks and sharply curtailed withdrawals at sidewalk cash machines. The major U.S. indexes fell 2 percent or more by the close.  London’s FTSE slid nearly 2 percent,...

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