The IMF’s report yesterday got swamped amid the gloom, despondency and fractiousness of the Greek crisis. It said, in short, Greece’s debt has become unsustainable.
Greek Finance Minister Yanis Varoufakis tells Paul Mason that Syriza would stay in government, even if Greece votes in favour of the debt deal on offer from its creditors.
Italy’s foreign minister, Paolo Gentiloni, tells Matt Frei he cannot contemplate a UK exit from the EU. He also warns that migration could become a “great problem”.
Alexis Tsipras is getting ready to stage a climbdown and he will tell the people of Greece he’s about to accept something very very similar to the conditional bailout he rejected.
Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.
As the midnight deadline for Greece to repay ¬1.6bn fast approaches, last-minute efforts are underway to avert a chain of events that could lead to Grexit.
With European stock markets falling and banks closed in Greece, the president of the European Commission warns that “egotism” and “tactics” have hampered efforts to resolve the Greek crisis.
While the far left government will pose the referendum as a vote for or against austerity, the right will say it’s an in-out vote for the single currency and the EU itself.
Greek PM Alexis Tsipras has just called a referendum on 5 July. This after spending most of the week locked in discussions with creditors…
With hundreds of migrants being rescued daily from overloaded boats in the Mediterranean, the EU is struggling to agree on an adequate response to the new arrivals.
While the proposal has caused outrage among the Greek conservatives and outrage among Syriza’s left-wing voters, the real problem is bigger.
The level of pressure that’s being exerted on Syriza right now, I don’t think is enough to derail a deal from below.
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
Eurozone leaders will meet in Brussels today to discuss a deal which could prevent Greece from exiting the single currency.
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.