Greece on the brink of financial collapse as IMF deadline looms

With EU leaders refusing to consider a sudden new bailout demand from Alexis Tsipras prior to Sunday's referendum, Greece looks set to default

Greece is on the brink of default and insolvency as a240bn of bailout funding comes to an end, with the country either unable or refusing to make a a1.6bn payment to the International Monetary Fund. The failure to resolve the crisis by Tuesday night's deadline could be a devastating psychological blow to the European project.

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Athens and Brussels buzz with rumours that Tsipras is about to get on a plane to EU headquarters

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