Greek government defaults on loan payment

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by: Staff

Posted: Jul 1, 2015 / 10:45 AM EDT / Updated: Jul 1, 2015 / 12:35 PM EDT

Athens, Greece (WROC) – The Greek government failed to make a nearly $2 dollar loan payment yesterday.

European creditors are considering a new bailout request, even as desperation grows among residents. There is hope Greece could win a new aid package.

Eurozone finance ministers are set to weigh in on Greece’s latest proposal for aid later today, but there are mounting fears of banks collapsing before a solution is found.

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