Greek stock market rallies as outline bailout deal reached with …

Alexis Tsipras wants the Greek parliament to reconvene to vote on the bailout deal that has been roughly agreed with creditors. Photograph: Orestis Panagiotou/EPA
Greece’s stock market rallied on news that the indebted country and its creditors have reached an outline agreement over an €86bn (£61bn) bailout.Athens’ benchmark ATG equity index closed up 2.1%, while the country’s banking index also climbed […]

Bank Holiday: Greek Banks and Stock Market Shut Until July 7

After the ECB shut off ELA, prime minister Alexis Tsipras imposed capital controls while blaming the ECB just as I predicted.Of course, that was an easy prediction. Yet, even at the last moment, many did not believe it would come to this.Let’s tune into the Guardian Live Blog for some details.Bank HolidaySpeaking on live TV, Alexis Tsipras is saying that […]

Greek crisis: eurozone leaders hold emergency summit – as it …

Good morning.Hope you all had a relaxing weekend, because today should be as dramatic as anything we’ve seen since the eurozone crisis began over five years ago.In the coming hours, the most powerful politicians and officials in Europe will hold a series of emergency meetings that will, most likely, determine the future of both Greece and the wider eurozone.This really […]

Greek crisis: Athens rejects capital controls report as Draghi calls for …

Greek Prime Minister Alexis Tsipras arrives at his office in Maximos Mansion for a governmental council meeting. Photograph: Alkis Konstantinidis/Reuters
Time for a recap, as we await Mario Draghi’s appearance at the European Parliament this afternoon.The Greek government and the European Commission have blamed each other for the collapse of negotiations over its bailout programme last night, amid rising concern […]