Greek Debt Crisis

Greek PM asks voters to reject bailout terms The future of the Greek economy faces continued uncertainty after Prime Minster Alex Tspiras threatened to resign if citizens did not vote to reject EU-IMF proposals bailout. “If the Greek people want to proceed with austerity plans in perpetuity, which will leave us unable to lift our […]

Alexis Tsipras, the Greek PM, is threatening to resign if the referendum next Sunday doesn’t go his way, claiming that only by voting against austerity would Greece be able to negotiate a settlement to the current crisis. The referendum will ask voters whether to accept the terms put forth last week by eurozone creditors. In […]

The euro fell as the prospect of a Greek exit from the Euro, or Grexit, moved ever closer. At one point it fell below $1.10 after the Greek government failed to come to an agreement with its creditors at the weekend. Banks in Greece will be closed all week, with capital controls limiting the amounts […]