Greece is in fact bankrupt. it needs IMF and EU to release next
tranche of money in order for them not to be in default, but its a
matter of time before they default because Greece certainly cant
afford to pay its staggering debt, just the interest payments
alone, will prove to be difficult. its just a matter of time when
Germany and France get fedup to keep on rescuing Greece with their
taxpayers money. so it doesnt bode well for the world economy, when
after Greece, its Portugal, Spain and recently Italy in the
news.