Grisis 7/2

And now:

According to the IMF, Greece should have a 20-year grace period before making any debt repayments and that final payments should not take place until 2055.—Guardian link

So now, the IMF admits Greece's debt is unsustainable, after putting the Greeks through five years of misery.

I'm going to put this series of posts on hold, pending the referendum. The various parties have staked out their positions and it does not seem like much will change until it is held.