Greece defaults on IMF
Early Wednesday morning, Greece became the first advanced economy to default on the International Monetary Fund. The default has wide implications but was more or less expected as the country and its creditors failed to hammer down the parameters of a bailout deal. But even though Greece is now technically in arrears, it has continued to attempt negotiations with its creditors. Ameera David weighs in.
Then, Erin Ade sits down with Pavlina Tcherneva, associate professor of economics at Bard College and research associate at the Levy Economics Institute. Pavlina tells us what conditions would encourage Greece to accept a bailout offer and gives us her take on their debt reconstruction deal.
After the break, Bianca Facchinei takes a look at how Washington is responding to the growing “internet of things.” According to the Federal Trade Commission, there are now 25 billion internet-connected devices in the world. And experts expect that to double in five years.
Afterwards, Ameera and Erin discuss how China officially ratified an agreement with the world's largest emerging nations on Wednesday to create a new development bank – one of two new banks that China is currently working on.
And in The Big Deal, Ameera and Edward Harrison talk about the latest in tech news, specifically the European Union’s deal to scrap mobile roaming charges across the region by June 2017.
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