Greeks voted ‘No’ to the European austerity programme, but another election is looming, writes Armin Osmanovic.
Confusion over the timing of fresh elections in Greece has threatened to jeopardise the prospects for a smooth transition to a new government.
Greek Prime Minister Alexis Tsipras announced his resignation and called for snap elections, as he went on the offensive to defend the bailout.
Greece’s latest bailout cleared one of its last hurdles after the German Parliament voted in favor of an aid package of up to 86-billion euros.
Greece’s stock market has rallied since the country’s creditors reached an outline agreement on the latest bailout.
Prime Minister Alexis Tsipras needs to unlock bailout funds to repay €3.4bn to the ECB by August 20, as the bank leaves its credit lifeline unchanged.
Lenders led a record plunge in Greek equities as the Athens Stock Exchange reopened after a five-week shutdown.
Inflated state salaries, rising debt and a high social grant bill leave South Africa vulnerable.
Greeks queued outside banks as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals.
Lawmakers passed an EU agreement that keeps Greece in the eurozone, putting pressure on the ECB and European governments to deploy emergency funds.
Alexis Tsipras drives through tax increases and pensions shake-up amid angry splits in his Syriza party.
Prime Minister Alexis Tsipras braved a revolt in his political party as Parliament in Athens began to debate a bailout of up to €86-billion.
Greece reached an agreement with its creditors over the reforms needed to start talks for a third bailout in five years and remain in the euro.
Oil prices recovered after Iran nuclear talks extended until July 7, despite uncertainty over the Greek financial crisis, analysts said.
Alexis Tsipras and his creditors sparred heading into Sunday’s referendum on austerity as a poll suggested voters are inclined to accept deeper cuts.
What should be a financial matter has become a political stick to punish the country.
The current confrontation will shape resistance to austerity – and the future of the whole of Europe.
European leaders wait for signs that Prime Minister Alexis Tsipras is ready to compromise as Greece fails to make its IMF payment.
Referendums settle matters definitively, right? Not in Greece. Both outcomes next Sunday would raise as many questions as they answer.
Markets across the world tumble as Greece orders its banks to shut for a week and imposes capital controls after its citizens emptied ATMs.
