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Greece debt crisis live: Did Greece just submit the same proposals 61% of Greeks voted against? | |
(about 3 hours later) | |
Here are the latest updates: | Here are the latest updates: |
Did Greece just submit the same proposals 61% of Greeks voted against? | |
Alexis Tsipras tells creditors what he's prepared to do to stay in the euro | Alexis Tsipras tells creditors what he's prepared to do to stay in the euro |
EU comes round to US demands to scrap Greek debt... but Merkel has other plans | EU comes round to US demands to scrap Greek debt... but Merkel has other plans |
Athens blinks first as Alexis Tsipras promises to 'immediately implement' reforms | Athens blinks first as Alexis Tsipras promises to 'immediately implement' reforms |
Will Greek troubles spill over to the rest of Europe and UK? | Will Greek troubles spill over to the rest of Europe and UK? |
The Greece debt crisis explained in less than 100 words | The Greece debt crisis explained in less than 100 words |
Greece travel advice Q&A: Tourists urged to bring cash not cards on holiday | Greece travel advice Q&A: Tourists urged to bring cash not cards on holiday |
Please wait a moment while the live blog loads... | Please wait a moment while the live blog loads... |
Greece’s government has submitted its reform proposals to its European creditors in a final bid to secure bailout funding and avoid crashing out of the single currency. | Greece’s government has submitted its reform proposals to its European creditors in a final bid to secure bailout funding and avoid crashing out of the single currency. |
Athens has been told that it must present its list of commitments to a meeting of eurozone finance ministers on Saturday – or the leaders of the creditor powers would begin making preparations to deal with the aftermath of a “Grexit” on Sunday. | Athens has been told that it must present its list of commitments to a meeting of eurozone finance ministers on Saturday – or the leaders of the creditor powers would begin making preparations to deal with the aftermath of a “Grexit” on Sunday. |
After a four-hour meeting Greece’s cabinet approved a new plan to cut pension spending and increase VAT. | After a four-hour meeting Greece’s cabinet approved a new plan to cut pension spending and increase VAT. |
Last week’s national referendum delivered a resounding rejection to the austerity demands from the creditors made at the end of June. Yet reports in the Greek media suggested the government’s new proposal would commit it to more austerity than under the previous creditors’ plan – €12bn of consolidation over two years – to fill the budget hole left by the rapidly worsening recession. (Ben Chu, Nathalie Savaricas) | Last week’s national referendum delivered a resounding rejection to the austerity demands from the creditors made at the end of June. Yet reports in the Greek media suggested the government’s new proposal would commit it to more austerity than under the previous creditors’ plan – €12bn of consolidation over two years – to fill the budget hole left by the rapidly worsening recession. (Ben Chu, Nathalie Savaricas) |