Roughly: Greek economy in bad shape, to put it mildly. Greece take loans from the IMF. Owes lots of money. Greece cannot pay it back. Will not pay it back. D

Roughly: Greek economy in bad shape, to put it mildly. Greece take loans from the IMF. Owes lots of money. Greece cannot pay it back. Will not pay it back. Deadline was a day or two ago to deliver a payment of over 1 billion euros (which again, i'm not sure why they are voting for/against a deal that has expired a day or two ago but... well....) Greece can now default on its payments, and as a result, leave the eurozone and the euro. Hello Drachmas. Allegedly Greece's entry into the euro zone was made possible by some banks fudging some numbers to make their economy look appealing while in reality it was already in dire straights. And here we are - the first country about to leave the EU. Hopefully this won't start a trend. I wish I could say "hopefully" with more conviction but I'm really not sure what is best any more. I guess I'm pro europe because I'm also a French national as well as British.