Greek debt: Deadline passes

Greek debt crisis: Deadline passes as eurozone finance ministers refuse request to extend bailout.

Cash-strapped Greece has missed a 1.5 billion euro payment to the International Monetary Fund (IMF) as last-ditch efforts to find a compromise with official European Union (EU) lenders came to naught.

The missed payment made Greece the only developed country ever to fall into default with the global crisis lender and underscored the utter failure of more than five months of efforts to rescue the country's economy and prevent it from dropping out of the eurozone.

origina post found herhttp://www.abc.net.au/news/