Greece Warns That It Will Probably Miss Next Month's Debt Payment

NPR reports:

Greece is warning that unless it can reach a deal with its creditors, it will be unable to make a debt payment to the International Monetary Fund next month.

Interior Minister Nikos Voutsis, speaking on Greek television, said bluntly that four installments totaling 1.6 billion euros ($1.76 billion) "will not be given and is not there to be given."

As Reuters writes that Greece "has been shut out of bond markets and [has had its] bailout aid locked."

The great moments of Keynesian economics.