Negotiators Scramble As Greek Debt Deadline Looms

04:06

June 30, 2015

A view of the National Bank of Greece's headquarters on June 3, 2015, in Athens, Greece. Greek Prime Minister Alexis Tsipras is expected to be presented with the international creditors' plan of tough economic reforms for Greece in order to unlock 7.2 billion Euros of rescue loans later today. (Milos Bicanski/Getty Images)

It's down-to-the-wire for Greece. Negotiations continued today with a 6 p.m., Washington time, deadline for Greece to pay the International Monetary Fund what it owes - the equivalent of $1.7 billion.

Greece could become the first developed country ever to default on a loan to the IMF, with symbolic and economic ripple effects across Europe and beyond.

Shawn Donnan of the Financial Times joins Here & Now's Jeremy Hobson to discuss the concerns from the U.S. perspective.

Guest

Shawn Donnan, world trade editor at the Financial Times. He tweets @sdonnan.

This segment aired on June 30, 2015.