[Osem]

Greece would struggle to find creditors outside the EU and IMF, German finance minister Wolfgang Schaeuble has said.

He said it would be welcome to try to find investment from Beijing or Moscow, but may have difficulties.

His warning came after fears of a Greek debt default saw its borrowing costs jump 3.5 percentage points to 27%.

http://www.bbc.co.uk/news/business-32335758

The International Monetary Fund has warned Greece in its toughest language to date that a delay in debt payments would be an unprecedented event with no moral justification.


"We have never had an advanced economy asking for payment delays," said Christine Lagarde, the Fund's managing-director.


"It is clearly not a course of action that would be fit or recommended. This would mean additional contributions by the international community and some of these countries are in a direr situation than those seeking the delays," she said, making it clear that the Fund would not bend its rules to avert a showdown.

http://www.telegraph.co.uk/finance/e...nt-relief.html