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You can find the current article at its original source at http://www.theguardian.com/business/live/2015/jun/19/greek-crisis-emergency-meetings-tsipras-banks-ecb-live-updates
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Greek crisis: Osborne urges Athens to reach deal while it can - live updates | |
(35 minutes later) | |
11.14am BST11:14 | |
A German finance ministry spokeswoman has denied that EU leaders could decide to impose capital controls on Greece at Monday night’s emergency summit. | |
Capital controls are a decision for an individual country, she explained. | |
11.00am BST11:00 | |
The European Central Bank is about to begin deliberating whether to agree to Greece’s request for more emergency assistance to keep the Greek banking sector running. | |
Related: Greek crisis: ECB meeting to decide on €3.5bn emergency funding | |
ECB Council to hold midday teleconference on request for more emergency assistance to Greek banks after #eurogroup deadlocks, again. @ecb | |
10.47am BST10:47 | |
Eurogroup meeting called on Monday | |
It’s official... eurozone finance ministers will meet again on Monday, at 3pm CET. | |
That will allow them to prepare the ground before eurozone leaders meet on Monday night to discuss the Greek crisis. | |
So, if Greece does come up with new proposals, as it was urged last night, they could be examined then. | |
Additional #Eurogroup meeting at 3 pm on Monday 22 June in Brussels to prepare eurozone summit | |
10.33am BST10:33 | 10.33am BST10:33 |
Bank of Greece: the banking system is stable | Bank of Greece: the banking system is stable |
Greece’s central bank has issued a statement this morning, in which it declares that the banking system remains stable. | Greece’s central bank has issued a statement this morning, in which it declares that the banking system remains stable. |
Here's Google translation of Bank of Greece statement #Greece pic.twitter.com/6lSt07WmMw | Here's Google translation of Bank of Greece statement #Greece pic.twitter.com/6lSt07WmMw |
This meeting appears to have been aimed at mending fences between Stournaras and the leftist-led government, says our correspondent Helena Smith | |
Earlier this week, the governing Syriza party accused Stournaras, a former finance minister in the previous pro-bailout conservative led government, of fear-mongering after warning in his annual report that failure to find a deal would push Greece into uncontrollable economic collapse. | |
Updated at 10.51am BST | |
10.28am BST10:28 | 10.28am BST10:28 |
Helena Smith | Helena Smith |
Over in Athens our correspondent Helena Smith has been speaking with bankers who say while the Bank of Greece has indeed requested a cash injection from the ECB today, bank officials are far from panicked - at this point. | Over in Athens our correspondent Helena Smith has been speaking with bankers who say while the Bank of Greece has indeed requested a cash injection from the ECB today, bank officials are far from panicked - at this point. |
She writes: | She writes: |
Bankers this morning are, if anything, in sanguine mood. The outflows Greek banks have seen in recent days have been limited to cash withdrawals mostly of small amounts. Transfers of large sums abroad have apparently not be seen. | Bankers this morning are, if anything, in sanguine mood. The outflows Greek banks have seen in recent days have been limited to cash withdrawals mostly of small amounts. Transfers of large sums abroad have apparently not be seen. |
“Those who had money to take out have taken it out,” said one official speaking on condition of anonymity. “What we have been seeing is cash outflows by depositors with small portfolios withdrawing amounts of between five and 10,000 euro. That has depleted reserves and meant bank buffers have to be reinforced,” he told me this morning. | “Those who had money to take out have taken it out,” said one official speaking on condition of anonymity. “What we have been seeing is cash outflows by depositors with small portfolios withdrawing amounts of between five and 10,000 euro. That has depleted reserves and meant bank buffers have to be reinforced,” he told me this morning. |
“If there is any panic it is illusory. We haven’t seen it.” | “If there is any panic it is illusory. We haven’t seen it.” |
A lot of savers, he added, had elected not to break long-term deposit accounts. | A lot of savers, he added, had elected not to break long-term deposit accounts. |
Echoing government insiders, finance sources rubbished suggestions of an imminent close-down of Greek lenders. Reports that banks might close on Monday “simply didn’t add up,” said another banker. | Echoing government insiders, finance sources rubbished suggestions of an imminent close-down of Greek lenders. Reports that banks might close on Monday “simply didn’t add up,” said another banker. |
“It just doesn’t make sense that when they have proclaimed an emergency EU summit to try and end this highly volatile situation banks don’t open. I really don’t think that is going to happen.” | “It just doesn’t make sense that when they have proclaimed an emergency EU summit to try and end this highly volatile situation banks don’t open. I really don’t think that is going to happen.” |
Updated at 10.28am BST | Updated at 10.28am BST |
10.21am BST10:21 | 10.21am BST10:21 |
Jennifer Rankin | Jennifer Rankin |
Russia is ready to look at financial aid for Greece, according to its deputy prime minister today. | Russia is ready to look at financial aid for Greece, according to its deputy prime minister today. |
Arkady Dvorkovich, Russia’ s deputy prime minister, told an audience of Russian business leaders today that Russia was ready to consider financial help - contradicting statements from the finance ministry only yesterday that the Kremlin couldn’t afford to help. | Arkady Dvorkovich, Russia’ s deputy prime minister, told an audience of Russian business leaders today that Russia was ready to consider financial help - contradicting statements from the finance ministry only yesterday that the Kremlin couldn’t afford to help. |
Dvorkovich said: | Dvorkovich said: |
“We support any decision [to resolve the Greek debt crisis] that will be proposed by Greece and our European partners. The first priority for us our investment projects and trade with Greece. If financial support is required we will look at this question.” | “We support any decision [to resolve the Greek debt crisis] that will be proposed by Greece and our European partners. The first priority for us our investment projects and trade with Greece. If financial support is required we will look at this question.” |
“The priority for us is a stable Europe and a stable Greece. We will support all possible means to resolve the Greek debt crisis.” | “The priority for us is a stable Europe and a stable Greece. We will support all possible means to resolve the Greek debt crisis.” |
He said that many countries, Greece included, wanted to lift European sanctions against Russia as soon as possible. “These countries think about business, about the private economy and not about politics. We think that this is a constructive approach.” | He said that many countries, Greece included, wanted to lift European sanctions against Russia as soon as possible. “These countries think about business, about the private economy and not about politics. We think that this is a constructive approach.” |
He said the Russian government would definitely be consulting more with countries that support lifting sanctions, than those that do “not want to continue economic dialogue”.However on Thursday Russia’s deputy finance minister Sergei Storchak said that Greece had not applied for financial aid and that Russia did not have budgetary resources to help. | He said the Russian government would definitely be consulting more with countries that support lifting sanctions, than those that do “not want to continue economic dialogue”.However on Thursday Russia’s deputy finance minister Sergei Storchak said that Greece had not applied for financial aid and that Russia did not have budgetary resources to help. |
Greek officials, including prime minister Alexis Tsipras, are on a visit to Russia today. | Greek officials, including prime minister Alexis Tsipras, are on a visit to Russia today. |
Earlier, they signed a ‘joint memorandum’ to extend the planned Turkish Stream gas pipeline to Europe, with Russian state development bank VEB providing funding. | Earlier, they signed a ‘joint memorandum’ to extend the planned Turkish Stream gas pipeline to Europe, with Russian state development bank VEB providing funding. |
Greece, Russia sign memorandum on gas pipeline to Greece: Moscow http://t.co/G1pbxdyYTA pic.twitter.com/8bt2fKFwXp | Greece, Russia sign memorandum on gas pipeline to Greece: Moscow http://t.co/G1pbxdyYTA pic.twitter.com/8bt2fKFwXp |
10.16am BST10:16 | 10.16am BST10:16 |
There’s not too much love for Greece from fellow eurozone member Slovakia today. | There’s not too much love for Greece from fellow eurozone member Slovakia today. |
Prime minister Robert Fico told a press conference in Bratislava that his government are ready for Greece to leave the eurozone, although he’s rather it didn’t happen. | Prime minister Robert Fico told a press conference in Bratislava that his government are ready for Greece to leave the eurozone, although he’s rather it didn’t happen. |
As Fico put it: | As Fico put it: |
“We wish for Greece to remain in the euro zone but not at any cost”. | “We wish for Greece to remain in the euro zone but not at any cost”. |
“Slovakia is prepared mentally and technically for the crisis scenario of Greece exiting the euro zone. We will insist on Greece doing its homework,” | “Slovakia is prepared mentally and technically for the crisis scenario of Greece exiting the euro zone. We will insist on Greece doing its homework,” |
French president Francois Hollande sounds a little more supportive, telling another press conference today that: | French president Francois Hollande sounds a little more supportive, telling another press conference today that: |
“It is very important that talks continue and this discussion reaches a compromise solution and that compromise solution must be according to European rules.” | “It is very important that talks continue and this discussion reaches a compromise solution and that compromise solution must be according to European rules.” |
9.58am BST09:58 | 9.58am BST09:58 |
Jon Henley | Jon Henley |
My colleague Jon Henley is in the Greek capital today. He reports that Athenians are nervous, but not hysterical about the threat of a bank run. | My colleague Jon Henley is in the Greek capital today. He reports that Athenians are nervous, but not hysterical about the threat of a bank run. |
Jon writes: | Jon writes: |
It was not what anyone would call a panic: the banks were all open, the cashpoints were dispensing notes, the cafes were busy, the sesame-seed bagel stands doing a brisk morning trade. But as rumours swirled of multi-billion euro cash injections and possible bank closures by Monday, a steady stream of people – though never enough to call queue – were withdrawing money from the National Bank branch on Athens’ central Syntagma Square. | It was not what anyone would call a panic: the banks were all open, the cashpoints were dispensing notes, the cafes were busy, the sesame-seed bagel stands doing a brisk morning trade. But as rumours swirled of multi-billion euro cash injections and possible bank closures by Monday, a steady stream of people – though never enough to call queue – were withdrawing money from the National Bank branch on Athens’ central Syntagma Square. |
“Yes, I’m worried,” said Dimitris, who works for an insurance company and, given that he had just taken out €1,000 in 50-euro notes, was understandably reluctant to supply a surname. | “Yes, I’m worried,” said Dimitris, who works for an insurance company and, given that he had just taken out €1,000 in 50-euro notes, was understandably reluctant to supply a surname. |
“I”m worried because this is now starting to get really very uncertain indeed. The government is not telling us what it will do, how it intends to solve this thing. I am making sure I have enough for the first part of next week. Just in case.” | “I”m worried because this is now starting to get really very uncertain indeed. The government is not telling us what it will do, how it intends to solve this thing. I am making sure I have enough for the first part of next week. Just in case.” |
With the headline in Friday’s Kathimerini newspaper warning that the Bank of Greece had asked the European Central Bank for €3.5bn of emergency funding to shore up some €3.2bn of deposits that have haemmorhaged from Greece’s largest since Monday, some customers were holding back out of principle. | With the headline in Friday’s Kathimerini newspaper warning that the Bank of Greece had asked the European Central Bank for €3.5bn of emergency funding to shore up some €3.2bn of deposits that have haemmorhaged from Greece’s largest since Monday, some customers were holding back out of principle. |
“I don’t feel 100% secure, that’s certainly true,” said Giota Georgiades, who works for a timber and paper import agency. | “I don’t feel 100% secure, that’s certainly true,” said Giota Georgiades, who works for a timber and paper import agency. |
“But I don’t want to take all I have out of the bank. If everyone did that, the whole banking system would collapse.” | “But I don’t want to take all I have out of the bank. If everyone did that, the whole banking system would collapse.” |
Like almost everyone at the cashpoint, Georgiades – who had withdrawn just €30, “enough for today and maybe tomorrow” – said she was confident a way out would be found from her country’s face-off with its creditors: its eurozone partners, the European Central Bank and the International Monetary Fund. | Like almost everyone at the cashpoint, Georgiades – who had withdrawn just €30, “enough for today and maybe tomorrow” – said she was confident a way out would be found from her country’s face-off with its creditors: its eurozone partners, the European Central Bank and the International Monetary Fund. |
Jon’s full report will be online shortly... | Jon’s full report will be online shortly... |
9.44am BST09:44 | 9.44am BST09:44 |
Greeks friends on Twitter are keeping their spirits up: | Greeks friends on Twitter are keeping their spirits up: |
went to the ATM this morning but someone was already there. on poros, that's a bank run! happy weekend everyone and be nice to each other. | went to the ATM this morning but someone was already there. on poros, that's a bank run! happy weekend everyone and be nice to each other. |
I love this! I haven't encountered any queues at ATMs either. https://t.co/GLJHzIcHdg | I love this! I haven't encountered any queues at ATMs either. https://t.co/GLJHzIcHdg |
Updated at 9.45am BST | Updated at 9.45am BST |
9.30am BST09:30 | 9.30am BST09:30 |
Greek government bond yields are dropping this morning, suggesting that traders are slightly less worried about a default. | Greek government bond yields are dropping this morning, suggesting that traders are slightly less worried about a default. |
The yield on two-year Greek debt has dropped to 28.6%, from 30.4% last night. | The yield on two-year Greek debt has dropped to 28.6%, from 30.4% last night. |
Yields show the rate of return on a bond, and rise when the price falls (and vice versa). So a dip in yields is a sign of higher confidence. | Yields show the rate of return on a bond, and rise when the price falls (and vice versa). So a dip in yields is a sign of higher confidence. |
Markets betting on a deal as Athens has no choice amid bank run. 2yr #Greece yields 28.7%, down 150bps. pic.twitter.com/9ZWmnXpjil | Markets betting on a deal as Athens has no choice amid bank run. 2yr #Greece yields 28.7%, down 150bps. pic.twitter.com/9ZWmnXpjil |
HOWEVER. Greek yields do remain extremely high -- Athens certainly couldn’t issue any new debt at such high interest rates. | HOWEVER. Greek yields do remain extremely high -- Athens certainly couldn’t issue any new debt at such high interest rates. |
9.18am BST09:18 | 9.18am BST09:18 |
I’m not seeing or hearing any signs of panic at Greek banks today, despite Kathimerini’s report that €1.2bn was taken out yesterday. | I’m not seeing or hearing any signs of panic at Greek banks today, despite Kathimerini’s report that €1.2bn was taken out yesterday. |
One bank official has told Reuters: | One bank official has told Reuters: |
“There are no lines or panic, it has been a quiet and gradual phase of withdrawals. | “There are no lines or panic, it has been a quiet and gradual phase of withdrawals. |
“They are due to worries whether a deal will be clinched with the country’s lenders.” | “They are due to worries whether a deal will be clinched with the country’s lenders.” |
8.59am BST08:59 | 8.59am BST08:59 |
Reassuring news from the Athens stock market. The main ATG index has risen a little in early trading, up nearly 0.5%. | Reassuring news from the Athens stock market. The main ATG index has risen a little in early trading, up nearly 0.5%. |
Shares in the major banks are up around 2%. That suggests investors are holding their nerve, and believe savers are doing the same.... | Shares in the major banks are up around 2%. That suggests investors are holding their nerve, and believe savers are doing the same.... |
#Greece | Athens market in positive territory: General Index 0.43%, banks 1.82% | Investors see an agreement? | #Greece | Athens market in positive territory: General Index 0.43%, banks 1.82% | Investors see an agreement? |
8.39am BST08:39 | 8.39am BST08:39 |
Osborne: Time to prepare for the worst | Osborne: Time to prepare for the worst |
UK chancellor George Osborne has urged Athens to reach a deal with its lenders. | UK chancellor George Osborne has urged Athens to reach a deal with its lenders. |
Arriving at today’s meeting of finance ministers, he says: | Arriving at today’s meeting of finance ministers, he says: |
We have entered the eleventh hour of this Greek crisis and we urge the Greek government to do a deal before it is too late. | We have entered the eleventh hour of this Greek crisis and we urge the Greek government to do a deal before it is too late. |
We hope for the best, but we now must be prepared for the worst. | We hope for the best, but we now must be prepared for the worst. |
Britain has “taken measures” to increase economic security to handle risks from abroad, he adds. | Britain has “taken measures” to increase economic security to handle risks from abroad, he adds. |
A reporter asks Osborne what “the worst” is, but I don’t think he replies before vanishing into today’s meeting. | A reporter asks Osborne what “the worst” is, but I don’t think he replies before vanishing into today’s meeting. |
Updated at 8.45am BST | Updated at 8.45am BST |
8.27am BST08:27 | 8.27am BST08:27 |
There is a total absence of panic in the European stock markets in early trading: | There is a total absence of panic in the European stock markets in early trading: |
The Athens market opens in a few minutes.... | The Athens market opens in a few minutes.... |
8.19am BST08:19 | 8.19am BST08:19 |
EU finance ministers are arriving back in Luxembourg -- and sounding downbeat about Greece. | EU finance ministers are arriving back in Luxembourg -- and sounding downbeat about Greece. |
Luis Des Guindos, Spanish fin min #ECOFIN doorstep on #Greece "I'm worried.I don’t know what we’re going to do.We just have a few days left" | Luis Des Guindos, Spanish fin min #ECOFIN doorstep on #Greece "I'm worried.I don’t know what we’re going to do.We just have a few days left" |
"Most likely a #eurogroup on Monday says @alexstubb of Finland. No new doc since 20 Feb" on #Greece #ECOFIN | "Most likely a #eurogroup on Monday says @alexstubb of Finland. No new doc since 20 Feb" on #Greece #ECOFIN |
8.05am BST08:05 | 8.05am BST08:05 |
Tsipras: There will be a deal | Tsipras: There will be a deal |
Greece’s prime minister has welcomed the decision to call an emergency summit on Monday night. | Greece’s prime minister has welcomed the decision to call an emergency summit on Monday night. |
In a statement, Alexis Tsipras declared that Greece will reach a solution that will allow it to stay in the euro area and return to growth: | In a statement, Alexis Tsipras declared that Greece will reach a solution that will allow it to stay in the euro area and return to growth: |
“Τhe (euro zone) leaders summit on Monday is a positive development on the road toward a deal. | “Τhe (euro zone) leaders summit on Monday is a positive development on the road toward a deal. |
“All those who are betting on crisis and terror scenarios will be proven wrong. | “All those who are betting on crisis and terror scenarios will be proven wrong. |
There will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro” | There will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro” |
Greek PM Tsipras: Euro Summit On Greece Is Positive Development -- RTRS -Those Betting On Crisis Will Be Proven Wrong | Greek PM Tsipras: Euro Summit On Greece Is Positive Development -- RTRS -Those Betting On Crisis Will Be Proven Wrong |
Updated at 8.05am BST | Updated at 8.05am BST |
8.01am BST08:01 | 8.01am BST08:01 |
These charts show how Greek deposit levels have fallen steadily this year, prompting the ECB to steadily provide more and more emergency liquidity. | These charts show how Greek deposit levels have fallen steadily this year, prompting the ECB to steadily provide more and more emergency liquidity. |
#ECB said to plan Emergency Greek aid call amid bank run http://t.co/WBWgadIU77 #Greece #Grexit pic.twitter.com/7j08e5HIbH | #ECB said to plan Emergency Greek aid call amid bank run http://t.co/WBWgadIU77 #Greece #Grexit pic.twitter.com/7j08e5HIbH |
7.53am BST07:53 | 7.53am BST07:53 |
Greek newspaper Kathimerini reports that the Bank of Greece has asked the ECB for another €3.5bn of emergency funding, to handle the deposit flight. | Greek newspaper Kathimerini reports that the Bank of Greece has asked the ECB for another €3.5bn of emergency funding, to handle the deposit flight. |
It also says that €1.2bn was taken out of banks on Thursday, on top of the €2bn between Monday and Wednesday. | It also says that €1.2bn was taken out of banks on Thursday, on top of the €2bn between Monday and Wednesday. |
More here: | More here: |
Bank of Greece asks ECB for extra cash flow via ELA | Bank of Greece asks ECB for extra cash flow via ELA |
7.47am BST07:47 | 7.47am BST07:47 |
Today’s ECB session comes just two days after it extended another €1.1bn of emergency liquidity to the Greek banking sector. | Today’s ECB session comes just two days after it extended another €1.1bn of emergency liquidity to the Greek banking sector. |
But the fear is that funds are leaving banks faster than the ECB can put them in. | But the fear is that funds are leaving banks faster than the ECB can put them in. |
Especially after ECB executive Benoît Cœuré told yesterday’s meeting that he didn’t know if Greek banks would be able to open on Monday. | Especially after ECB executive Benoît Cœuré told yesterday’s meeting that he didn’t know if Greek banks would be able to open on Monday. |
#grexit ecb put up 1bn+ in ELA on weds, looks like more today. stopping or starting a #bankrun? | #grexit ecb put up 1bn+ in ELA on weds, looks like more today. stopping or starting a #bankrun? |
@traynorbrussels @graemewearden After Coeure's alleged remarks I would say fuelling, since it has already started | @traynorbrussels @graemewearden After Coeure's alleged remarks I would say fuelling, since it has already started |
7.35am BST07:35 | 7.35am BST07:35 |
The AFP newswire has more details of the European Central Bank’s emergency meeting: | The AFP newswire has more details of the European Central Bank’s emergency meeting: |
The European Central Bank’s decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP. | The European Central Bank’s decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP. |
The council will hold a teleconference at around midday (1000 GMT) to discuss a possible increase in the Emergency Liquidity Assistance facility, as deposit withdrawals from Greek banks have accelerated in recent days, sources said, speaking on condition of anonymity. An ECB spokesman declined to comment. | The council will hold a teleconference at around midday (1000 GMT) to discuss a possible increase in the Emergency Liquidity Assistance facility, as deposit withdrawals from Greek banks have accelerated in recent days, sources said, speaking on condition of anonymity. An ECB spokesman declined to comment. |
7.29am BST07:29 | 7.29am BST07:29 |
Introduction: Emergency meetings as Greek crisis hits new highs | Introduction: Emergency meetings as Greek crisis hits new highs |
Good morning. | Good morning. |
More than five years after it began, Greece’s debt crisis is rattling towards a climax after finance ministers failed to make any progress towards a deal last night. | More than five years after it began, Greece’s debt crisis is rattling towards a climax after finance ministers failed to make any progress towards a deal last night. |
And with deposits leaving its banks at a faster rate this week, Europe could be facing a full-blown banking crisis: | And with deposits leaving its banks at a faster rate this week, Europe could be facing a full-blown banking crisis: |
Related: Greece faces banking crisis after eurozone meeting breaks down | Related: Greece faces banking crisis after eurozone meeting breaks down |
As we covered in yesterday’s liveblog, EU leaders will take on the responsibility for tackling the crisis, when they hold an emergency summit on Monday evening. That was triggered by growing fears over Greece’s banking sector, we understand, after over €2bn was taken out between Monday and Wednesday: | As we covered in yesterday’s liveblog, EU leaders will take on the responsibility for tackling the crisis, when they hold an emergency summit on Monday evening. That was triggered by growing fears over Greece’s banking sector, we understand, after over €2bn was taken out between Monday and Wednesday: |
#grexit top eurogroup participant tells @guardian timing of Monday summit to do with fear of bank run/collapse | #grexit top eurogroup participant tells @guardian timing of Monday summit to do with fear of bank run/collapse |
And the sight of pro-EU demonstrators protesting against the government’s stance last night has shown we are entering a new phase in this long crisis. | And the sight of pro-EU demonstrators protesting against the government’s stance last night has shown we are entering a new phase in this long crisis. |
Photos: Pro-EU demo in Athens tonight after dramatic day http://t.co/KDLYWrujY7 pic.twitter.com/K0ENgXg1Rr | Photos: Pro-EU demo in Athens tonight after dramatic day http://t.co/KDLYWrujY7 pic.twitter.com/K0ENgXg1Rr |
So what happens today? | So what happens today? |
The European Central Bank will hold an emergency meeting to discuss whether to extend more emergency liquidity to Greece’s banks, to allow them to keep running as savers withdraw their | The European Central Bank will hold an emergency meeting to discuss whether to extend more emergency liquidity to Greece’s banks, to allow them to keep running as savers withdraw their |
That meeting is scheduled for 11am BST, or 1pm Greek time, according to Bloomberg TV. | That meeting is scheduled for 11am BST, or 1pm Greek time, according to Bloomberg TV. |
There could be more action in Luxembourg today, where European finance ministers will be holding further meetings. Not about Greece, though, but I think we can guess what they’ll be chatting about over the orange juice and croissants. | There could be more action in Luxembourg today, where European finance ministers will be holding further meetings. Not about Greece, though, but I think we can guess what they’ll be chatting about over the orange juice and croissants. |
This morning starts with four breakfast meetings: hotel, @EPP, #EIB and #Ecofin. | This morning starts with four breakfast meetings: hotel, @EPP, #EIB and #Ecofin. |
The press pack are poised for action: | The press pack are poised for action: |
I've woken up this morning to the realisation that I'm still in #Luxembourg. | I've woken up this morning to the realisation that I'm still in #Luxembourg. |
Greece’s prime minister Alexis Tsipras is (I think) still in Russia. He was due to meet with President Vladimir Putin at some point. | Greece’s prime minister Alexis Tsipras is (I think) still in Russia. He was due to meet with President Vladimir Putin at some point. |
But the big question is how the Greek people, battered by years of deadlock, austerity and division, respond to the latest developments which are dominating the front pages.... | But the big question is how the Greek people, battered by years of deadlock, austerity and division, respond to the latest developments which are dominating the front pages.... |
Guardian front page, Friday 19 June 2015: Fears over Greek banks as talks collapse in acrimony pic.twitter.com/EPSD5JX8ZX | Guardian front page, Friday 19 June 2015: Fears over Greek banks as talks collapse in acrimony pic.twitter.com/EPSD5JX8ZX |
Friday's FT front page: EU calls crisis summit after Athens bailout talks collapse #tomorrowspaperstoday #bbcpapers pic.twitter.com/IA3q30tBRx | Friday's FT front page: EU calls crisis summit after Athens bailout talks collapse #tomorrowspaperstoday #bbcpapers pic.twitter.com/IA3q30tBRx |
Friday's Times front page: Greek banks on brink of collapse as savers panic #tomorrowspaperstoday #bbcpapers pic.twitter.com/SdS1OylzP2 | Friday's Times front page: Greek banks on brink of collapse as savers panic #tomorrowspaperstoday #bbcpapers pic.twitter.com/SdS1OylzP2 |
We’ll be tracking all the main events through the day... | We’ll be tracking all the main events through the day... |
Updated at 7.29am BST | Updated at 7.29am BST |