As a first step toward a currency breakaway or even just as a stop-gap measure, the Greek government could start issuing IOUs within the next few days or weeks.
As a first step toward a currency breakaway or even just as a stop-gap measure, the Greek government could start issuing IOUs within the next few days or weeks.
The last-minute negotiations come amid bank closures in Greece, where capital controls have been imposed.
Here's a primer on the crisis that is rocking not just Europe and its currency but also threatens to spill over to the global economy.
It was the first official US comment on Sunday's referendum, in which Greeks voted by a 61 per cent majority to reject a bailout deal from the European Union
JAKARTA - With sickles and slingshots in hand, farmers in Indonesia are guarding chilli plants from thieves, after prices for the much-loved spice jumped five-fold in the past year to boost inflation and worry the government.