Greece Defaults on IMF Loan

European finance ministers are set to hold a teleconference to weigh a request from debt-ridden Greece for last-minute loans, after it missed a key $1.8 billion loan payment to the International Monetary Fund. The loans, $32.4 billion from European emergency funds, would be a last-ditch effort to keep Greece in the eurozone. European finance ministers decided Tuesday against extending a bailout program for Greece that would have enabled it to meet its obligation to its...

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