Greece may need to default on debts as IMF deadline looms, warns Goldman
by Helena Smith in Athens and Graeme Wearden from on (#A6X9)
Athens could be forced to take drastic action, including snap elections, amid fears it will miss a305m payment to IMF on Friday, investment bank says
Greece may have to default on its debts and impose curbs on bank withdrawals before reaching a deal with its creditors, according to Goldman Sachs, as a crucial payment deadline approaches.
Related: Merkel calls in Draghi and Lagarde for Greek debt talks
The Greek government would be well advised to act quickly. For the Greeks banks it is five minutes to midnight
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