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URGENT

 2 yrs | Greek PM Tsipras says Greece ‘prepared to accept’ bailout package it rejected days ago

              Greek Prime Minister Alexis Tsipras has sent a letter to the heads of the European Commission, the European Central Bank, and the International Monetary Fund to inform them that Greece "is prepared to accept" a bailout package that it had rejected just days ago, though the prime minister's offer came with a range of conditions that would maintain a low VAT rate on Greek islands and a delay in phasing out a solidarity grant to pensioners.   


  Greece        78 UPDATES

 


 2 yrs | European Financial Stability Facility confirms Greek default for certain loans, will assess options

              The European Financial Stability Facility (EFSF) says the failure by the Greek government to make its payment to the International Monetary Fund (IMF) would constitute a default for certain EFSF loans, and the fund will assess its options later today. These options include a cancellation of loan contracts to request immediate repayment, a waiver by the EFSF for its rights under the loan for this specific non-payment, or a decision to defer action to a later date. [full statement attached]   


  Greece        78 UPDATES

 


 2 yrs | Death toll in Indonesia plane crash rises to 141 - police

              A total of 141 people have been killed after a military transport plane crashed into a residential area of the Indonesian city of Medan on Tuesday. All 113 people on board the military aircraft were killed, at least 28 others on the ground had also been killed, according to local police.   


  Medan, Indonesia        5 UPDATES

 


 2 yrs | U.S. defeats No. 1 Germany 2-0 to advance to Women’s World Cup Final
  


       2 UPDATES

 

EVENT

 2 yrs | Obama to deliver statement on Cuba at 11 a.m. ET on Wednesday - White House

              U.S. President Barack Obama will deliver a statement regarding Cuba at 11 a.m. ET on Wednesday, the White House says, about an hour after a senior U.S. official confirmed that the U.S. and Cuba have reached an agreement on the restoration of diplomatic relations. Vice President Joe Biden will also attend Wednesday's statement, which will take place in the Rose Garden. [official schedule update attached]   


       17 UPDATES

 

BREAKING


 2 yrs | IMF to consider Greek request for extension of repayment obligation - spokesman

              The International Monetary Fund (IMF), confirming that Greece failed to make its required debt payment, says it has received a request from the Greek government for an extension of its repayment obligation. "[The request] will go to the IMF's Executive Board in due course," IMF spokesman Gerry Rice said in an emailed statement. [Full statement attached]   


  Greece        78 UPDATES

 

URGENT

 2 yrs | Greece misses debt payment deadline, becomes first developed country to default on IMF loan

              Clocks have struck midnight in Brussels without the required debt payment from Greece to the International Monetary Fund (IMF), making Greece the first developed country to default on an IMF loan. The confirmation that Greece failed its obligation to pay €1.55 billion ($1.73 billion) means that the country has lost the last European Financial Stability Facility (EFSF) loan tranche of €1.8 billion ($2.0 billion), as well as €10.9 billion ($12.1 billion) in EFSF notes to cover the potential cost of bank recapitalization.   


    

 

BREAKING


 2 yrs | U.S. reaches agreement with Cuba on restoration of diplomatic relations after 5 decades - U.S. official

              The United States has reached an agreement with Cuba on the restoration of formal diplomatic relations after more than five decades, a senior U.S. administration official says, adding that Cuba will open an embassy in Washington, D.C. and the U.S. will open an embassy in Havana. "We expect President Obama and Secretary Kerry to address this publicly tomorrow morning," the official said. [full quote attached]   


  Cuba        17 UPDATES

 

BREAKING


 2 yrs | Fitch downgrades Greece to CC, one notch above default

              Fitch Ratings has downgraded Greece's long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch from 'CCC' to 'CC,' just one notch above a default, the organization says in a statement. The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been downgraded by one notch to 'CC,' while the Short-term foreign currency IDR has been affirmed at 'C'. The Country Ceiling has been lowered by one notch to 'CCC' from 'B-'.   


    

 


 2 yrs | Eurozone’s bailout fund confirms Greek bailout program will end at midnight

              The European Stability Mechanism (ESM) confirms that the bailout program for Greece will expire at midnight CET after the Greek government confirmed that it is unable to meet its obligation to pay a €1.55 billion ($1.73 billion) tranche to the International Monetary Fund (IMF). As a result, the last European Financial Stability Facility (EFSF) loan tranche of €1.8 billion ($2.0 billion) will no longer be available and the €10.9 billion ($12.1 billion) in EFSF notes to cover the potential cost of bank recapitalization in Greece will be canceled. [full statement attached]   


  Greece        78 UPDATES

 




 
Breaking Now

Vehicle strikes security barrier near the White House     1 day  

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Police recommend charging Israeli PM Netanyahu with bribery     1 wk  


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Urgent

Suicide bomber attacks U.S. embassy in Montenegro     3 days  

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Events

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