Greece To Miss A Debt Repayment To IMF

Greece’s European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country’s international bailout program expires and it loses access to billions of euros in funds.

At midnight central Europe-time on Tuesday, the country is also set to become the first developed nation to miss a debt repayment to the International Monetary Fund, as Greece sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals.

ABC’s Tom Rivers joined us from London to discuss.