Angry scenes broke out in the Greek parliament today as papers were thrown into the air and a minister resigned while MPs debated economic reforms ahead of a bailout vote.
There is now the basis of a deal to keep Greece in the eurozone – but it involves the crushing of a government elected on a landslide and the flouting of a referendum.
The Greeks arrived with a set of proposals widely scorned as “more austere than the ones they rejected”. The internet burst forth with catcalls – “they’ve caved in”.
Greece is told it needs to enact key reforms by Wednesday in order to restore trust with eurozone leaders, who will then open talks to negotiate a bailout deal with the struggling country.
Parliament votes in favour of painful reforms put forward by Greek Prime Minister Alexis Tsipras, but will it be enough to secure a bailout from European powers?
The new Greek government proposals, published late last night are clearly based on those submitted by Jean Claude Juncker last Thursday, before the referendum. Many Greeks are frustrated, asking: what was the point of the referendum? It’s left many foreign observers saying the same.
The Greek state secretary for industry in the run-up to its debt crisis, who supervised a 5.5bn euro recession loan plan, has an MBA from a bogus university, Channel 4 News reveals.
Behind the calm in Greece people are beginning to panic. Tsipras needs to do a deal – but not one that humiliates his country.
Last night I responded sharply to an anonymous Greek troll known as @GreekAnalyst, comparing his right-wing network of abusive and unaccountable people…
Why did Varoufakis go? The official reason, on his blog, was pressure from creditors. But there are a whole host of other reasons that made it easier for him to decide to yield to it.
Zoe Konstantopoulou, senior Syriza politician and speaker of the Greek parliament, tells Channel 4 News that a no vote in the country’s referendum is the beginning of a new era for Europe.
The no vote in Greece may be causing political shock and awe but stock markets in Europe reacted with relative calm this morning. The same, however, can’t be said for what has been happening in China.
The EU leadership told Greeks a No meant exit from the eurozone. The Greek government said they were bluffing. We’ll find out who’s right soon.
The last opinion polls showed the No vote leading by a small margin as Greeks voted in a referendum that could decide whether the country stays in the eurozone.
As Greeks prepare to vote on an international bailout of its ailing economy, visitors are warned to take plenty of cash as bank reserves reach critical levels.