The Presidential Daily Brief

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  1. Greece delivers reform plan to Brussels, and things are looking up.

    Greece Misses Scheduled Loan Payment

    Can they work out a deal? The International Monetary Fund announced Greece will miss its scheduled 300 million Euro loan payment on Friday, requesting to have its four debt payments rolled over into the next pay period on June 30. The impetus is now on Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker to reach a reform agreement and avoid bankruptcy. However, the uncertainty is already causing fallout as European and U.S. stocks dipped in response. Tsipras and Juncker will reportedly meet on Saturday to continue talks.

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