This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.theguardian.com/business/2015/jul/05/greeces-eurozone-future-in-the-balance-as-referendum-gets-under-way-eu-euro-bailout-live

The article has changed 26 times. There is an RSS feed of changes available.

Version 24 Version 25
Greek referendum: No campaign storms to victory with 61.31% of the vote - as it happened Greek referendum: No campaign storms to victory with 61.31% of the vote - as it happened
(7 months later)
1.12am BST1.12am BST
01:1201:12
That’s the end of our coverage of Greek Referendum Day.That’s the end of our coverage of Greek Referendum Day.
But my colleague Helen Davidson is already up and running with a new liveblog, tracking how Asia’s financial markets react to the No landslide.But my colleague Helen Davidson is already up and running with a new liveblog, tracking how Asia’s financial markets react to the No landslide.
She already has the latest views from Mohamed El-Erian, chief economic adviser at insurance giant Allianz, so don’t miss it:She already has the latest views from Mohamed El-Erian, chief economic adviser at insurance giant Allianz, so don’t miss it:
Related: Greek referendum: EU leaders call crisis meeting as bailout rejected - live
Thank you for reading and commenting, in such huge numbers. It’s been great to have you with us. Goodnight. GWThank you for reading and commenting, in such huge numbers. It’s been great to have you with us. Goodnight. GW
1.06am BST1.06am BST
01:0601:06
Late night summaryLate night summary
What a sensational day. Time for another recap.What a sensational day. Time for another recap.
Greece has delivered a resounding No to its creditors, in a move that has stunned the eurozone tonight and may shake the financial markets.Greece has delivered a resounding No to its creditors, in a move that has stunned the eurozone tonight and may shake the financial markets.
In the last few minutes, the last ballot papers were counted. And No campaign has exceeded all expectations by securing 61.31% of the vote [here’s the official count].In the last few minutes, the last ballot papers were counted. And No campaign has exceeded all expectations by securing 61.31% of the vote [here’s the official count].
As our interactive shows, every area of Greece has voted to reject the proposals of Greece’s creditors and seek a better deal.As our interactive shows, every area of Greece has voted to reject the proposals of Greece’s creditors and seek a better deal.
Related: Greek referendum: live results
Prime minister Alexis Tsipras has declared that it’s a historic day for Greece, which shows that democracy cannot be blackmailed.Prime minister Alexis Tsipras has declared that it’s a historic day for Greece, which shows that democracy cannot be blackmailed.
In a TV address, Tsipras has also vowed to begin negotiations with creditors to reach a sustainable deal to tackle Greece’s debt crisis.In a TV address, Tsipras has also vowed to begin negotiations with creditors to reach a sustainable deal to tackle Greece’s debt crisis.
“You made a very brave choice.“You made a very brave choice.
“The mandate you gave me is not the mandate of a rupture with Europe, but a mandate to strengthen our negotiating position to seek a viable solution.”“The mandate you gave me is not the mandate of a rupture with Europe, but a mandate to strengthen our negotiating position to seek a viable solution.”
Tsipras will meet with other political leaders at 8am BST on Monday morning, as thousands of jubilant No campaigners head to bed after celebrating the result in Athens, and beyond.Tsipras will meet with other political leaders at 8am BST on Monday morning, as thousands of jubilant No campaigners head to bed after celebrating the result in Athens, and beyond.
Greece’s future in the eurozone looks more perilous than ever, and the next 48 hours could be critical.Greece’s future in the eurozone looks more perilous than ever, and the next 48 hours could be critical.
On Monday, the European Central Bank will meet to discuss the emergency liquidity provided to Greek banks (which is currently capped, forcing capital controls to be imposed a week ago).On Monday, the European Central Bank will meet to discuss the emergency liquidity provided to Greek banks (which is currently capped, forcing capital controls to be imposed a week ago).
German chancellor Angela Merkel and French president Francois Hollande will meet in Paris on Monday night.German chancellor Angela Merkel and French president Francois Hollande will meet in Paris on Monday night.
In the UK, prime minister David Cameron will meet with Chancellor George Osborne and governor of the Bank of England Mark Carney to discuss the impact on Britain’s financial stability.In the UK, prime minister David Cameron will meet with Chancellor George Osborne and governor of the Bank of England Mark Carney to discuss the impact on Britain’s financial stability.
Then on Tuesday, eurozone leaders will debate the crisis at an emergency summit. Eurozone finance ministers will hold a Eurogroup meeting that afternoon.Then on Tuesday, eurozone leaders will debate the crisis at an emergency summit. Eurozone finance ministers will hold a Eurogroup meeting that afternoon.
Eurogroup president Jeroen Dijssebloem has already criticised the result of the referendum, warning:Eurogroup president Jeroen Dijssebloem has already criticised the result of the referendum, warning:
“I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece.”“I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece.”
But democratic senator Bernie Sanders has hailed the result as a decisive vote against austerity.But democratic senator Bernie Sanders has hailed the result as a decisive vote against austerity.
A series of financial analysts have warned tonight that Greece is likely to exit the eurozone. As Barclays warned:A series of financial analysts have warned tonight that Greece is likely to exit the eurozone. As Barclays warned:
“While Chancellor Merkel and President Hollande are scheduled to meet tomorrow, we argue that EMU exit now is the most likely scenario….”“While Chancellor Merkel and President Hollande are scheduled to meet tomorrow, we argue that EMU exit now is the most likely scenario….”
Finance minister Yanis Varoufakis, though, has denied this is an option:Finance minister Yanis Varoufakis, though, has denied this is an option:
"Gr place in € is non-negotiable. Liquidity will return with agreement. Euro will not be left w parallel currencies" https://t.co/3pPYA5cY98"Gr place in € is non-negotiable. Liquidity will return with agreement. Euro will not be left w parallel currencies" https://t.co/3pPYA5cY98
And the world’s stock markets are expected to suffer falls when trading begins.And the world’s stock markets are expected to suffer falls when trading begins.
The FTSE 100 index of blue chip shares is tipped to drop by over 2%, and the euro has already lost around 1% against the US dollar, even before Asian trading gets fully underway.The FTSE 100 index of blue chip shares is tipped to drop by over 2%, and the euro has already lost around 1% against the US dollar, even before Asian trading gets fully underway.
UpdatedUpdated
at 1.26am BSTat 1.26am BST
1.00am BST1.00am BST
01:0001:00
IT'S OFFICIAL: NO WINS BY A LANDSLIDEIT'S OFFICIAL: NO WINS BY A LANDSLIDE
The last ballot paper has just been counted in Greece, and the No campaign have stormed to a dramatic victory.The last ballot paper has just been counted in Greece, and the No campaign have stormed to a dramatic victory.
The final result is No: 61.31%, and Yes with 38.69%The final result is No: 61.31%, and Yes with 38.69%
Final #Grefenderum results. No - 61.31% (3.558.450 votes) Yes - 38.69% (2.245.537 votes) 100% of votes, 62.50% voted, 5.80% invalid/blank.Final #Grefenderum results. No - 61.31% (3.558.450 votes) Yes - 38.69% (2.245.537 votes) 100% of votes, 62.50% voted, 5.80% invalid/blank.
One for the history books:One for the history books:
12.46am BST12.46am BST
00:4600:46
Police say about 100-150 anarchist protesters have started throwing firebombs at riot police and setting trash cans on fire in the central Athens neighborhood of Exarcheia, Associated Press reports:Police say about 100-150 anarchist protesters have started throwing firebombs at riot police and setting trash cans on fire in the central Athens neighborhood of Exarcheia, Associated Press reports:
UpdatedUpdated
at 12.46am BSTat 12.46am BST
12.21am BST12.21am BST
00:2100:21
UpdatedUpdated
at 12.21am BSTat 12.21am BST
12.18am BST12.18am BST
00:1800:18
The Greek referendum has gripped Europe, and beyond today.The Greek referendum has gripped Europe, and beyond today.
This map shows how Google users worldwide have been searching for information.This map shows how Google users worldwide have been searching for information.
12.11am BST12.11am BST
00:1100:11
Here’s the Guardian front page story on Sunday’s referendum drama:Here’s the Guardian front page story on Sunday’s referendum drama:
Monday's Guardian front page: Greek voters defy Europe #tomorrowspaperstoday #greekreferendum #BBCPapers pic.twitter.com/7hoc4e1py3Monday's Guardian front page: Greek voters defy Europe #tomorrowspaperstoday #greekreferendum #BBCPapers pic.twitter.com/7hoc4e1py3
It begins:It begins:
Greece delivered a landslide no vote to the eurozone’s terms for the country remaining in the single currency on Sunday night, unleashing a seismic political shift that could derail the European project. The verdict confronts the EU’s leadership with one of its most severe ­crises of confidence and leaves Greece facing potential financial collapse and exit from the euro.Greece delivered a landslide no vote to the eurozone’s terms for the country remaining in the single currency on Sunday night, unleashing a seismic political shift that could derail the European project. The verdict confronts the EU’s leadership with one of its most severe ­crises of confidence and leaves Greece facing potential financial collapse and exit from the euro.
In a polarising referendum called by the radical leftist government of Alexis Tsipras at only eight days notice, Greeks voted by more than 60% to 40% in support of the prime minister, spurning the extra austerity demanded mainly by Germany and the International Monetary Fund in return for an extension of bailout funds.In a polarising referendum called by the radical leftist government of Alexis Tsipras at only eight days notice, Greeks voted by more than 60% to 40% in support of the prime minister, spurning the extra austerity demanded mainly by Germany and the International Monetary Fund in return for an extension of bailout funds.
Tsipras said that Greece “has proved that democracy cannot be blackmailed; Greece has made a brave choice and one which will change the debate in Europe.Tsipras said that Greece “has proved that democracy cannot be blackmailed; Greece has made a brave choice and one which will change the debate in Europe.
Live Greek referendum: Alexis Tsipras hails victory for No campaign - live updatesWith most votes counted, Greece has given a resounding No to the proposals from its creditorsRead moreLive Greek referendum: Alexis Tsipras hails victory for No campaign - live updatesWith most votes counted, Greece has given a resounding No to the proposals from its creditorsRead more
“I understand that votors have not given me a mandate against Europe, but a mandate for a sustainable future.” He warned, though, that there would be “no easy solutions”.“I understand that votors have not given me a mandate against Europe, but a mandate for a sustainable future.” He warned, though, that there would be “no easy solutions”.
Five years of failed austerity policies in Greece and a total breakdown in trust between the leftwing Syriza alliance and the political leaders of its creditors climaxed in a national vote in which Greeks said no to the spending cuts and tax increases demanded by its lenders....Five years of failed austerity policies in Greece and a total breakdown in trust between the leftwing Syriza alliance and the political leaders of its creditors climaxed in a national vote in which Greeks said no to the spending cuts and tax increases demanded by its lenders....
And here’s the full story:And here’s the full story:
Related: Greek referendum no vote signals huge challenge to eurozone leaders
12.04am BST12.04am BST
00:0400:04
More photos from Athens....More photos from Athens....
'No' supporters still celebrating #Greece pic.twitter.com/fJoX0BWDe1'No' supporters still celebrating #Greece pic.twitter.com/fJoX0BWDe1
pic.twitter.com/Y0SzNqFzxvpic.twitter.com/Y0SzNqFzxv
12.00am BST12.00am BST
00:0000:00
After a truly sensational day, the Athens capital is calming down as the clocks strike 2am....After a truly sensational day, the Athens capital is calming down as the clocks strike 2am....
Many people gone from Syntagma by now, only 200-300 still here. Chatting, drinking beer, chilling. #GreferendumMany people gone from Syntagma by now, only 200-300 still here. Chatting, drinking beer, chilling. #Greferendum
11.58pm BST11.58pm BST
23:5823:58
The meeting of Greek political leaders is scheduled for 10am Monday in Athens, or 8am UK time.The meeting of Greek political leaders is scheduled for 10am Monday in Athens, or 8am UK time.
#Greece political leaders will meet with President Pavlopoulos on Mon at 10am (GR). #Greferendum #politics#Greece political leaders will meet with President Pavlopoulos on Mon at 10am (GR). #Greferendum #politics
11.54pm BST11.54pm BST
23:5423:54
Monday’s meeting of Greek party political leaders may be dominated by a call for finance minister Yanis Varoufakis to be removed from the country’s negotiating team.Monday’s meeting of Greek party political leaders may be dominated by a call for finance minister Yanis Varoufakis to be removed from the country’s negotiating team.
Our correspondent Helena Smith reports:Our correspondent Helena Smith reports:
The head of the centrist Potami party, Stavros Theodorakis, has signalled he will ask for the academic-cum-politician’s immediate withdrawal from the team – citing irreconcilable differences with Greece’s creditors.The head of the centrist Potami party, Stavros Theodorakis, has signalled he will ask for the academic-cum-politician’s immediate withdrawal from the team – citing irreconcilable differences with Greece’s creditors.
This is going to be a big ask. Tsipras is very close (some say enormously dependent) on his finance minister and has stood by him despite growing unease with Varoufakis’ tactics in his own Syriza party. Both men have been enormously vindicated by tonight’s result.This is going to be a big ask. Tsipras is very close (some say enormously dependent) on his finance minister and has stood by him despite growing unease with Varoufakis’ tactics in his own Syriza party. Both men have been enormously vindicated by tonight’s result.
11.47pm BST11.47pm BST
23:4723:47
Greece dominates all the front pagesGreece dominates all the front pages
The historic Greek referendum is the splash on almost all the UK front pages on Monday, and across Europe too:The historic Greek referendum is the splash on almost all the UK front pages on Monday, and across Europe too:
#greekreferendum dominates Monday's UK front pages #tomorrowspaperstoday #bbcpapers http://t.co/zGq460YehO pic.twitter.com/A1nNjywz8V#greekreferendum dominates Monday's UK front pages #tomorrowspaperstoday #bbcpapers http://t.co/zGq460YehO pic.twitter.com/A1nNjywz8V
Monday's Libération front page: Non de Zeus Earthquake in Europe #tomorrowspaperstoday #greekreferendum pic.twitter.com/5IQ9sbsoCZMonday's Libération front page: Non de Zeus Earthquake in Europe #tomorrowspaperstoday #greekreferendum pic.twitter.com/5IQ9sbsoCZ
Le Figaro via @abrezet: NON - Greece makes a big step towards Euro exit #tomorrowspaperstoday #greekreferendum pic.twitter.com/5oVP1TDcZCLe Figaro via @abrezet: NON - Greece makes a big step towards Euro exit #tomorrowspaperstoday #greekreferendum pic.twitter.com/5oVP1TDcZC
11.44pm BST11.44pm BST
23:4423:44
Only a final handful of votes are still to be counted in Greece.Only a final handful of votes are still to be counted in Greece.
Around 96% of ballot papers have now been processed, with the No side bobbing around the 61.3% mark.Around 96% of ballot papers have now been processed, with the No side bobbing around the 61.3% mark.
UpdatedUpdated
at 11.44pm BSTat 11.44pm BST
11.31pm BST11.31pm BST
23:3123:31
If you’re been watching the crisis closely, you’ll already know that Greece submitted a request for a third bailout last week, and said it would accept some of its creditors demands (but not all)If you’re been watching the crisis closely, you’ll already know that Greece submitted a request for a third bailout last week, and said it would accept some of its creditors demands (but not all)
Newsnight’s Duncan Weldon suggests this could be the basis for a deal:Newsnight’s Duncan Weldon suggests this could be the basis for a deal:
If Greece had cancelled the referendum & done the deal outlined in the Tspiras letter last Wednesday, it'd be seen as a creditor victory 1/2If Greece had cancelled the referendum & done the deal outlined in the Tspiras letter last Wednesday, it'd be seen as a creditor victory 1/2
If *the exact same* deal was done this week, it'll look like a Greek win 2/2If *the exact same* deal was done this week, it'll look like a Greek win 2/2