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Greece Defaults - 05 Jul 2015

Greece Defaults - 05 Jul 2015
The Greek flag is painted on a rock face above the village of Meyisti on the Island of Kastellorizo, Greece, July 4, 2015. It was on this island, that former Prime Minister George Papandreou announced in 2010 that Greece required a rescue package. If a 'No' in Sunday's referendum eventually takes Greece out of Europe's single currency, any "new drachma" or temporary payment unit could be worth as little as a fifth of the euro now in circulation. REUTERS/Cathal McNaughton