THE END GAME IS APPROACHING FOR GREECE

Greece is € 323 billion in debt- more than 175% of its GDP. It cannot pay what it owes to the other European countries and the European Central Bank. Greece will run out of money by 30 June unless creditors release an additional € 7.2 billion in bail-out funds.  Greece must pay the IMF 1.54 billion euros by June 30, which is also when its bailout agreement is due to expire. It does not have access to international credit markets and without the bailout money, it would have to default on its debts.