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It's official: Greece declared in default ahead of knife-edge referendum

Jul 03, 2015    

Athens: Greece was officially declared in default today, injecting even more urgency into a make-or-break weekend referendum that new polls suggested was too close to call.The fund providing Greece's financial lifeline declared "an event of default by Greece". The European Financial Stability Facility added, though, that it had decided to not immediately demand repayment of its loans - a step that analysts say could have triggered sudden "Grexit", or Greece's exit from the eurozone. The news will come as a fresh shock to Greece's 11 million people, and will hang over two ma...

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