Comment on Don't be fooled by Greece making that IMF payment — the country is still marching into chaos

Don't be fooled by Greece making that IMF payment — the country is still marching into chaos

There was some mild relief on Thursday when Greece made its latest payment to the International Monetary Fund, with bond yields sliding. (Yield measures risk, so when they decline it suggests there's less risk of a default.) That sort of reaction is a bit like having a celebratory drink because you've paid your electricity bill — it's probably not a good signal about your financial health.

 

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