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Greek crisis: Protesters demand end to austerity, with EU future in doubt - as it happened Greek crisis: Protesters demand end to austerity, with EU future in doubt - as it happened
(7 months later)
10.17pm BST10.17pm BST
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PS: Greece has, once again, made the front pages of several newspapers:PS: Greece has, once again, made the front pages of several newspapers:
Thursday's Guardian front page: Greece: can’t pay, won’t pay #tomorrowspaperstoday #bbcpapers #Grexit pic.twitter.com/ch6L0casw5Thursday's Guardian front page: Greece: can’t pay, won’t pay #tomorrowspaperstoday #bbcpapers #Grexit pic.twitter.com/ch6L0casw5
Thursday's FT front page: Fed opens door for September increase in interest rates #tomorrowspaperstoday #bbcpapers pic.twitter.com/T1vUvte6VdThursday's FT front page: Fed opens door for September increase in interest rates #tomorrowspaperstoday #bbcpapers pic.twitter.com/T1vUvte6Vd
Thursday's Telegraph front page: Early retirement rip-off to end #tomorrowspaperstoday #bbcpapers pic.twitter.com/LWbriGnuAAThursday's Telegraph front page: Early retirement rip-off to end #tomorrowspaperstoday #bbcpapers pic.twitter.com/LWbriGnuAA
Thursday's International NY Times: Critics say U.S. is falling short in drive to halt Bashir #tomorrowspaperstoday pic.twitter.com/DjDu6mRlScThursday's International NY Times: Critics say U.S. is falling short in drive to halt Bashir #tomorrowspaperstoday pic.twitter.com/DjDu6mRlSc
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Closing summary: Greece puts onus on troika amid speculation of EU exitClosing summary: Greece puts onus on troika amid speculation of EU exit
That’s it for us for tonight, I think, after another busy day.That’s it for us for tonight, I think, after another busy day.
Here’s a taster of tonight’s news story, rounding up events:Here’s a taster of tonight’s news story, rounding up events:
Greece has put the onus on its creditors to prevent it being forced out of the single currency, warning that an economic collapse on a par with the Great Depression of the 1930s had left it broke and unable to pay its debts.Greece has put the onus on its creditors to prevent it being forced out of the single currency, warning that an economic collapse on a par with the Great Depression of the 1930s had left it broke and unable to pay its debts.
Athens announced on Wednesday that it had run out of money, and would not be able to pay €1.6bn (£1.15bn) owed to the International Monetary Fund (IMF) at the end of this month, on the eve of a meeting of eurozone finance ministers. The meeting is seen as the last realistic chance of striking a deal before Greece’s current bailout runs out in 12 days’ time.Athens announced on Wednesday that it had run out of money, and would not be able to pay €1.6bn (£1.15bn) owed to the International Monetary Fund (IMF) at the end of this month, on the eve of a meeting of eurozone finance ministers. The meeting is seen as the last realistic chance of striking a deal before Greece’s current bailout runs out in 12 days’ time.
The warning came as the governor of the Greek central bank said that Greece was on the brink of an “uncontrollable crisis” and warned that leaving the eurozone would also mean “exit … most likely from the European Union”. But the chances of a breakthrough on Thursday’s talks, in an increasingly hostile negotiating environment, were seen as remote.The warning came as the governor of the Greek central bank said that Greece was on the brink of an “uncontrollable crisis” and warned that leaving the eurozone would also mean “exit … most likely from the European Union”. But the chances of a breakthrough on Thursday’s talks, in an increasingly hostile negotiating environment, were seen as remote.
Greece’s Eurogroup partners have said it would be up to Greece to offer concessions at the meeting, but they think it unlikely that Athens will cross any of its “red lines” despite its desperate financial plight.Greece’s Eurogroup partners have said it would be up to Greece to offer concessions at the meeting, but they think it unlikely that Athens will cross any of its “red lines” despite its desperate financial plight.
“Things will not be so lengthy,” said one official in Brussels. “The ball, ministers will conclude, is very firmly in the Greek camp. I honestly believe this will be pretty short.”“Things will not be so lengthy,” said one official in Brussels. “The ball, ministers will conclude, is very firmly in the Greek camp. I honestly believe this will be pretty short.”
Greek shares fell sharply for a fourth successive day as the UK government said it was making contingency arrangements to minimise the impact on the economy from a default, which the head of the European parliament said would result in Greece having to leave the European Union, not just the single currency.Greek shares fell sharply for a fourth successive day as the UK government said it was making contingency arrangements to minimise the impact on the economy from a default, which the head of the European parliament said would result in Greece having to leave the European Union, not just the single currency.
More here:More here:
Related: Greece says bailout deal is up to troika amid speculation over exit from EU
I’ll be back tomorrow morning to pick up the action again, as eurozone finance ministers head to Luxembourg for that Eurogroup meeting.I’ll be back tomorrow morning to pick up the action again, as eurozone finance ministers head to Luxembourg for that Eurogroup meeting.
Goodnight, and thanks for ALL those comments. GWGoodnight, and thanks for ALL those comments. GW
9.01pm BST9.01pm BST
21:0121:01
A couple more photos from tonight’s anti-austerity, pro-government protest in Athens:A couple more photos from tonight’s anti-austerity, pro-government protest in Athens:
8.17pm BST8.17pm BST
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Yellen: Financial markets could be hit if Greece talks failYellen: Financial markets could be hit if Greece talks fail
The head of the US Federal Reserve, Janet Yellen, has warned that there will be disruptions in the financial markets, and the global economy, if Greece doesn’t reach a deal with its creditors.The head of the US Federal Reserve, Janet Yellen, has warned that there will be disruptions in the financial markets, and the global economy, if Greece doesn’t reach a deal with its creditors.
Yellen said (via fastFT)Yellen said (via fastFT)
This is a very difficult situation. In the event there is not an agreement, I do see the potential for disruption that could affect the European outlook and global financial markets.This is a very difficult situation. In the event there is not an agreement, I do see the potential for disruption that could affect the European outlook and global financial markets.
There would undoubtedly be spillovers to the US that would affect our outlook as well.There would undoubtedly be spillovers to the US that would affect our outlook as well.
She was speaking at a press conference tonight, after the Fed left interest rates unchanged but downgraded its growth forecasts for the US economy.She was speaking at a press conference tonight, after the Fed left interest rates unchanged but downgraded its growth forecasts for the US economy.
Our friends at Reuters have more details:Our friends at Reuters have more details:
UpdatedUpdated
at 8.26pm BSTat 8.26pm BST
8.01pm BST8.01pm BST
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The Speaker of the Greek parliament is at tonight’s rally, hours after tangling with Bank of Greece governor Stournaras over his warning that Greece could crash out of the EU without a deal.The Speaker of the Greek parliament is at tonight’s rally, hours after tangling with Bank of Greece governor Stournaras over his warning that Greece could crash out of the EU without a deal.
#Greece Parliament President Zoe Kostantopoulou joins anit-austerity protest in Athens, #Syntagma #17jgr v @prezatv pic.twitter.com/bPK6HsrysU#Greece Parliament President Zoe Kostantopoulou joins anit-austerity protest in Athens, #Syntagma #17jgr v @prezatv pic.twitter.com/bPK6HsrysU
UpdatedUpdated
at 8.09pm BSTat 8.09pm BST
7.35pm BST7.35pm BST
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Greek protesters urge government to stand firmGreek protesters urge government to stand firm
There are plenty of schoolteachers at tonight’s demonstration, who have told Helena they believe the government should toughen its stance.There are plenty of schoolteachers at tonight’s demonstration, who have told Helena they believe the government should toughen its stance.
7.30pm BST7.30pm BST
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Our correspondent Helena Smith is in Syntagma Square.Our correspondent Helena Smith is in Syntagma Square.
She says the turnout at tonight’s rally isn’t great, and several of the demonstrators have told her they believe Greece should ‘rupture’ away from the European Union.She says the turnout at tonight’s rally isn’t great, and several of the demonstrators have told her they believe Greece should ‘rupture’ away from the European Union.
7.27pm BST7.27pm BST
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A glance at the posters and banners on display tonight in Athens show there is still support for Alexis Tsipras’s government in its battle to get an ‘honourable compromise’:A glance at the posters and banners on display tonight in Athens show there is still support for Alexis Tsipras’s government in its battle to get an ‘honourable compromise’:
7.23pm BST7.23pm BST
19:2319:23
As if the Greek crisis wasn’t dramatic enough, the spotlight will shift to Russia on Friday when Alexis Tsipras visits St Petersburg.As if the Greek crisis wasn’t dramatic enough, the spotlight will shift to Russia on Friday when Alexis Tsipras visits St Petersburg.
He’ll meet with president Vladimir Putin, on the sidelines of an economic summit. And there is speculation that Moscow could potentially offer Athens a credit line, as my colleague Shaun Walker reports:He’ll meet with president Vladimir Putin, on the sidelines of an economic summit. And there is speculation that Moscow could potentially offer Athens a credit line, as my colleague Shaun Walker reports:
“A financial deal package to Greece is definitely possible, but it’s unlikely to come as a straight bailout loan, and more likely to be packaged as part of an advance payment deal over gas transfer or something similar,” said Chris Weafer, a Moscow-based financial analyst.“A financial deal package to Greece is definitely possible, but it’s unlikely to come as a straight bailout loan, and more likely to be packaged as part of an advance payment deal over gas transfer or something similar,” said Chris Weafer, a Moscow-based financial analyst.
The two leaders will discuss Greek participation in a major pipeline project that would bring Russian gas to Europe through Turkey and Greece, bypassing Ukraine – a long-term Russian strategic aim....The two leaders will discuss Greek participation in a major pipeline project that would bring Russian gas to Europe through Turkey and Greece, bypassing Ukraine – a long-term Russian strategic aim....
Related: Tsipras to meet Putin over bailout loan as fears of Greek exit from EU mount
7.00pm BST7.00pm BST
19:0019:00
Here’s Greek finance minister Yanis Varoufakis telling reporters in Paris that “it is our moral duty to reach an agreement very, very quickly”.Here’s Greek finance minister Yanis Varoufakis telling reporters in Paris that “it is our moral duty to reach an agreement very, very quickly”.
As we posted earlier, he doesn’t expect a deal tomorrow -- but the eurogroup meeting could “set the scene” for further discussions.As we posted earlier, he doesn’t expect a deal tomorrow -- but the eurogroup meeting could “set the scene” for further discussions.
6.46pm BST6.46pm BST
18:4618:46
Placard of the night pic.twitter.com/WzPQFFT28vPlacard of the night pic.twitter.com/WzPQFFT28v
6.39pm BST6.39pm BST
18:3918:39
The Daily Telegraph’s Merheen Khan is at Syntagma Square, and reports that there is a pretty decent atmosphere despite the crisis gripping Greece.The Daily Telegraph’s Merheen Khan is at Syntagma Square, and reports that there is a pretty decent atmosphere despite the crisis gripping Greece.
Anti austerity protestors gathering in Athens. Plenty of music, carnival atmosphere so far pic.twitter.com/15V45GruslAnti austerity protestors gathering in Athens. Plenty of music, carnival atmosphere so far pic.twitter.com/15V45Grusl
6.36pm BST6.36pm BST
18:3618:36
Sorry, that banner’s hung outside the Greek parliament, not actually on it (as a reader across the square kindly reports):Sorry, that banner’s hung outside the Greek parliament, not actually on it (as a reader across the square kindly reports):