So Greece owes billions of €uro to several lenders, it didn't make it's June payment of €1.6 billion to the IMF and it now expects to be lent more money?

What have they done with all that money? Frittered it away on........ what? Where's it gone?

If you and I owed substantial sums to various lenders and didn't make repayments as agreed, what would the lenders say if we said we couldn't pay what we owe and asked to be lent more?