Greece default deepens euro crisis

Greece plunges further into deep crisis today as the country looks set to default on its €1.6bn repayment to the IMF, putting its membership of the euro in doubt.

Throughout the country, people were in shock as the banks failed to open and the government went back on a promise to exempt pensioners from the €60 a day limit on withdrawals.

There were also fears that one of the country’s largest public sector pension funds, IKA, may not make their monthly pay-outs today.