Greek debt default threat grows

Talks over Greece’s debt restructuring broke down on Friday, an unexpected blow that makes it increasingly likely that Athens will become the first government of a developed country in more than 60 years to suffer a full-scale default on its debt.

http://www.ft.com/intl/cms/s/0/1de4bb7e-3dfd-11e1-91ba-00144feabdc0.html#axzz1jXTdMQye