Comments on: European banks lose €50 billion as Greek debt deadline nears https://www.eutimes.net/2015/06/european-banks-lose-e50-billion-as-greek-debt-deadline-nears/ We deliver exclusive hidden news that you won't just find anywhere, information that nobody wants you to know about. Updated 1 minute ago. Wed, 01 Jul 2015 02:30:29 +0000 hourly 1 https://wordpress.org/?v=6.5 By: Burnati https://www.eutimes.net/2015/06/european-banks-lose-e50-billion-as-greek-debt-deadline-nears/comment-page-1/#comment-88635 Wed, 01 Jul 2015 02:30:29 +0000 http://www.eutimes.net/?p=39859#comment-88635 It’s not about money… its about sending a message.
http://s3.postimg.org/t2wsr5jb5/nam.jpg

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]]> By: Blow It Up https://www.eutimes.net/2015/06/european-banks-lose-e50-billion-as-greek-debt-deadline-nears/comment-page-1/#comment-88634 Wed, 01 Jul 2015 00:45:23 +0000 http://www.eutimes.net/?p=39859#comment-88634 Any latest statements from IMF Chief Christine Madeleine Odette Lagarde?
How much did she blow up in meetings?
Can any one publish her accounts for various expenses incl. meetings?

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]]> By: Zomotosky https://www.eutimes.net/2015/06/european-banks-lose-e50-billion-as-greek-debt-deadline-nears/comment-page-1/#comment-88632 Tue, 30 Jun 2015 21:02:08 +0000 http://www.eutimes.net/?p=39859#comment-88632 It is 00:00:01 Wednesday, July 1, 2015 Local Time in Athens, Greece
DID GREECE PAY?

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]]> By: MonMan Gotchas https://www.eutimes.net/2015/06/european-banks-lose-e50-billion-as-greek-debt-deadline-nears/comment-page-1/#comment-88630 Tue, 30 Jun 2015 20:39:17 +0000 http://www.eutimes.net/?p=39859#comment-88630 Payment Default
DEFINITION of ‘Default’
The failure to promptly pay interest or principal when due. Default occurs when a debtor is unable to meet the legal obligation of debt repayment. Borrowers may default when they are unable to make the required payment or are unwilling to honor the debt. The failure to perform on a futures contract as required by an exchange.
‘Default’ Explanation
Defaulting on a debt obligation can place a company or individual in financial trouble. The lender will see a default as a sign that the borrower is not likely to make future payments. Defaulting on a futures contract occurs when one party does not fulfill the obligations set forth by the agreement. The default usually involves not settling the contract by the required date.

According to The Guardian UK,
A default occurs when a country, or other borrower, fails to meet its obligation to repay a lender on time. But it is not, technically, the borrower who defaults: it is the lender who declares that the borrower is in default.

Who does really care, who declares whom a defaulter?
No matter what the lenders say, The lenders can say anything what they want, the bottom-line is the borrower can not pay.
Non-payment – failure to meet obligation to repay a lender is the key.
But, still lenders can lend inspite of knowing borrower’s shaky situation.

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