By James D. Spellman, Strategic Communications LLC
Default on an already re-scheduled debt payment to the IMF seemed inevitable Tuesday as a near-bankrupt Greece stepped closer to exiting the eurozone, following the tumult of bewildering events over the weekend that included scheduling a July 5th referendum on the latest bailout proposal, imposing capital controls and closing banks to staunch the hemorrhage of cash withdrawals that capped emergency funding from the ECB could not stem. Markets worldwide plummeted in response to the dire outlook.