The Latest: Markets take in stride Greek failure to pay IMF
ATHENS, Greece (AP) — The latest news on Greece's financial woes , a day after the country's bailout with European creditors expired and the country failed to pay a debt due to the International Monetary Fund (all times local):
Markets took in stride Greece's failure to pay the roughly 1.6 billion euros ($1.8 billion) it owed the IMF with stock indexes across Europe posting solid gains. The Stoxx 50 index of leading European shares was up 0.7 percent while Germany's DAX rose 0.9 percent.
There appear to be some hopes that Greece's new proposals to the eurozone may meet with some support. Eurozone finance ministers are set to weigh Greece's latest proposal for aid later, in a teleconference that's been put off until 5.30 p.m. Brussels time, according to Jeroen Dijsselbloem, the eurozone's top official.