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You can find the current article at its original source at http://www.theguardian.com/business/live/2015/jun/29/greek-crisis-stock-markets-slide-capital-controls-banks-closed-live
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Greek debt crisis: protests as EC urges yes vote in referendum – as it happened | Greek debt crisis: protests as EC urges yes vote in referendum – as it happened |
(30 days later) | |
12.06am BST | 12.06am BST |
00:06 | 00:06 |
And finally, the threat that Greeks are voting on their eurozone future on Sunday makes the front page of the Tuesday’s Guardian and the Financial Times: | And finally, the threat that Greeks are voting on their eurozone future on Sunday makes the front page of the Tuesday’s Guardian and the Financial Times: |
No vote means you are out of Euro. Tomorrow's Guardian front page pic.twitter.com/4n7J5MbhEX | No vote means you are out of Euro. Tomorrow's Guardian front page pic.twitter.com/4n7J5MbhEX |
Guardian: Europe’s big guns warn Greek voters that a no vote means euro exit | Guardian: Europe’s big guns warn Greek voters that a no vote means euro exit |
FT: Greek voters warned that bailout rejection would spell 'No to Europe' #tomorrowspaperstoday #BBCPapers pic.twitter.com/tM4GjWuBWB | FT: Greek voters warned that bailout rejection would spell 'No to Europe' #tomorrowspaperstoday #BBCPapers pic.twitter.com/tM4GjWuBWB |
FT: EU tells Greeks: You’re voting on the euro | FT: EU tells Greeks: You’re voting on the euro |
Tuesday is going to be historic too -- with Greece’s bailout on track to expire at the end of the day, and an IMF default perhaps inevitable too. | Tuesday is going to be historic too -- with Greece’s bailout on track to expire at the end of the day, and an IMF default perhaps inevitable too. |
And as it’s just turned midnight in the UK, I’d better stop. Thanks all, and goodnight. GW | And as it’s just turned midnight in the UK, I’d better stop. Thanks all, and goodnight. GW |
11.52pm BST | 11.52pm BST |
23:52 | 23:52 |
Helena Smith | Helena Smith |
Before we go....It’s getting nasty in Greece tonight. | Before we go....It’s getting nasty in Greece tonight. |
If you thought Syriza knew how to turn a tough phrase then listen to this. The anti-capitalist bloc, Antarsya, has in the last few minutes declared that the EU president and German chancellor has declared “a war of fear” on Greece. | If you thought Syriza knew how to turn a tough phrase then listen to this. The anti-capitalist bloc, Antarsya, has in the last few minutes declared that the EU president and German chancellor has declared “a war of fear” on Greece. |
Helena Smith reports. | Helena Smith reports. |
The far-left Antarsya movement- ever growing in popularity and ever present in workers’ associations and trade unions - has just issued a blistering attack against the “black forces of capital” accusing Europe’s leaders of trying not only to influence Sunday’s vote but entrap Greeks in “a war of fear.” | The far-left Antarsya movement- ever growing in popularity and ever present in workers’ associations and trade unions - has just issued a blistering attack against the “black forces of capital” accusing Europe’s leaders of trying not only to influence Sunday’s vote but entrap Greeks in “a war of fear.” |
“From Juncker, Merkel and Hollande to Samaras’ New Democracy, Pasok and Potami , they are erecting a nightmarish web over the people of Greece,” the party railed in a statement released after midnight. | “From Juncker, Merkel and Hollande to Samaras’ New Democracy, Pasok and Potami , they are erecting a nightmarish web over the people of Greece,” the party railed in a statement released after midnight. |
“A web of war and insecurity with the aim of blackmailing an entire people into submission so that they can defame it ... and loot what has remained of the crumbs with which it has been forced to live in recent years. | “A web of war and insecurity with the aim of blackmailing an entire people into submission so that they can defame it ... and loot what has remained of the crumbs with which it has been forced to live in recent years. |
So that they can snatch the last piece of bread from the table of the unemployed and pensioners, to steal what has remained unsold from state assets, to destroy every last worker’s right and to eradicate what he has gained with sacrifice and struggle.” | So that they can snatch the last piece of bread from the table of the unemployed and pensioners, to steal what has remained unsold from state assets, to destroy every last worker’s right and to eradicate what he has gained with sacrifice and struggle.” |
Updated | Updated |
at 11.57pm BST | at 11.57pm BST |
11.36pm BST | 11.36pm BST |
23:36 | 23:36 |
Yet another example of anti-EU sentiment tonight: | Yet another example of anti-EU sentiment tonight: |
#Greece: at the #Syntagma demo tonight, tens of thousands against austerity: "#OXI! We didn't join #EU for this!" pic.twitter.com/IA9Qaeam2J | #Greece: at the #Syntagma demo tonight, tens of thousands against austerity: "#OXI! We didn't join #EU for this!" pic.twitter.com/IA9Qaeam2J |
11.02pm BST | 11.02pm BST |
23:02 | 23:02 |
The were also protests in Thessaloniki, Greece’s second city, tonight - the AFP newswire reports that around 17,000 people took part in protests in Athens and Thessaloniki. | The were also protests in Thessaloniki, Greece’s second city, tonight - the AFP newswire reports that around 17,000 people took part in protests in Athens and Thessaloniki. |
AFP explains: | AFP explains: |
“Our lives do not belong to the creditors!” read banners held aloft by demonstrators, many of whom support Prime Minister Alexis Tsipras and said they would heed his call to vote against the latest deal in Sunday’s referendum -- despite risks it could send the country crashing out of the eurozone. | “Our lives do not belong to the creditors!” read banners held aloft by demonstrators, many of whom support Prime Minister Alexis Tsipras and said they would heed his call to vote against the latest deal in Sunday’s referendum -- despite risks it could send the country crashing out of the eurozone. |
“The people of Greece have made many sacrifices. What interests me is not the euro but guaranteeing a dignified way of life for the next generations,” 50-year-old Vanguelis Tseres, who has been unemployed since the start of the debt crisis in 2010, told AFP in Syntagma square in the capital. | “The people of Greece have made many sacrifices. What interests me is not the euro but guaranteeing a dignified way of life for the next generations,” 50-year-old Vanguelis Tseres, who has been unemployed since the start of the debt crisis in 2010, told AFP in Syntagma square in the capital. |
Some 17,000 anti-bailout demonstrators rally in Greece | Some 17,000 anti-bailout demonstrators rally in Greece |
10.43pm BST | 10.43pm BST |
22:43 | 22:43 |
Greek government applauds tonight's demonstrators | Greek government applauds tonight's demonstrators |
Helena Smith | Helena Smith |
Over in Athens the governing Syriza party has issued a statement applauding what it described as a huge turn-out for tonight’s rally. | Over in Athens the governing Syriza party has issued a statement applauding what it described as a huge turn-out for tonight’s rally. |
“Today, in Syntagma, thousands of citizens responded to the ultimatums [made by creditors],” the statement said. | “Today, in Syntagma, thousands of citizens responded to the ultimatums [made by creditors],” the statement said. |
“People said a big and resounding “no” to blackmail, terrorisation, threats internally and externally, and a big “yes” to democracy, dignity, popular sovereignty, values that are the foundation of modern European civilisation.” | “People said a big and resounding “no” to blackmail, terrorisation, threats internally and externally, and a big “yes” to democracy, dignity, popular sovereignty, values that are the foundation of modern European civilisation.” |
“In these historic moments, the “struggle of this land for life” will be expressed next Sunday with a clear “NO,” the announcement said. | “In these historic moments, the “struggle of this land for life” will be expressed next Sunday with a clear “NO,” the announcement said. |
Updated | Updated |
at 10.50pm BST | at 10.50pm BST |
10.29pm BST | 10.29pm BST |
22:29 | 22:29 |
The ratings agencies are busy tonight - Fitch has just downgraded Greece’s major banks to ‘restricted default’. | The ratings agencies are busy tonight - Fitch has just downgraded Greece’s major banks to ‘restricted default’. |
It took the move following the imposition of capital controls - had that not happened, Fitch says, they would not have survived long: | It took the move following the imposition of capital controls - had that not happened, Fitch says, they would not have survived long: |
The downgrade of NBG’s, Piraeus’, Eurobank’s and Alpha’s VR to ‘f’ from ‘ccc’ reflects Fitch’s view that these banks have failed and would have defaulted had capital controls not been imposed, given the high rates of ongoing deposit withdrawal and the ECB’s decision on 28 June 2015 not to raise the Bank of Greece’s Emergency Liquidity Assistance (ELA) ceiling. | The downgrade of NBG’s, Piraeus’, Eurobank’s and Alpha’s VR to ‘f’ from ‘ccc’ reflects Fitch’s view that these banks have failed and would have defaulted had capital controls not been imposed, given the high rates of ongoing deposit withdrawal and the ECB’s decision on 28 June 2015 not to raise the Bank of Greece’s Emergency Liquidity Assistance (ELA) ceiling. |
Here’s the statement. | Here’s the statement. |
10.21pm BST | 10.21pm BST |
22:21 | 22:21 |
Jon Henley | Jon Henley |
The Guardian’s Jon Henley is in Syntagma Square tonight, and reports that No protesters are united behind one cause - bringing Greece’s dignity back: | The Guardian’s Jon Henley is in Syntagma Square tonight, and reports that No protesters are united behind one cause - bringing Greece’s dignity back: |
He writes: | He writes: |
Rallying in front of the Greek parliament on Monday night, supporters of the Syriza-led government of prime minister Alexis Tsipras demanded an end to the “economic asphyxia” and “social catastrophe” of austerity – and the return of dignity. | Rallying in front of the Greek parliament on Monday night, supporters of the Syriza-led government of prime minister Alexis Tsipras demanded an end to the “economic asphyxia” and “social catastrophe” of austerity – and the return of dignity. |
“I’m here to support my country,” said Katherine, a psychologist. | “I’m here to support my country,” said Katherine, a psychologist. |
“I want freedom for my country and dignity for its people, because right now my country does not have its freedom and its people do not have their dignity. It might be very hard work after Sunday, but freedom needs hard work.” | “I want freedom for my country and dignity for its people, because right now my country does not have its freedom and its people do not have their dignity. It might be very hard work after Sunday, but freedom needs hard work.” |
Waving banners and placards calling for a no vote in Sunday’s referendum on whether Athens should accept or reject the reforms-for-aid package Greece’s creditors have said must be agreed before they will extend the country’s bailout, the demonstrators acknowledged the risk that Greece could crash out of the eurozone (as many EU leaders warned today). | Waving banners and placards calling for a no vote in Sunday’s referendum on whether Athens should accept or reject the reforms-for-aid package Greece’s creditors have said must be agreed before they will extend the country’s bailout, the demonstrators acknowledged the risk that Greece could crash out of the eurozone (as many EU leaders warned today). |
“We probably have a lot to lose if we leave Europe,” said Alex Zoubouglou, a photographer. | “We probably have a lot to lose if we leave Europe,” said Alex Zoubouglou, a photographer. |
“But it will be worth if if that is what it takes to recover our dignity. We’re here because we’re fed up with being treated as if we were ignorant. We’re well educated, we’re civilised, we’ve been around and we’re being being treated like so much less.” | “But it will be worth if if that is what it takes to recover our dignity. We’re here because we’re fed up with being treated as if we were ignorant. We’re well educated, we’re civilised, we’ve been around and we’re being being treated like so much less.” |
Here’s Jon’s full dispatch: | Here’s Jon’s full dispatch: |
Related: 'It's a question of dignity': Syriza rally demands end to 'economic asphyxia' | Related: 'It's a question of dignity': Syriza rally demands end to 'economic asphyxia' |
10.14pm BST | 10.14pm BST |
22:14 | 22:14 |
VIDEO: Tsipras urges no Vote in the referendum | VIDEO: Tsipras urges no Vote in the referendum |
A treat for non-Greek readers - here’s an English translation of Alexis Tsipras calling for the Greek people to vote “no” on Sunday, and predicting that lenders won’t push for Grexit. | A treat for non-Greek readers - here’s an English translation of Alexis Tsipras calling for the Greek people to vote “no” on Sunday, and predicting that lenders won’t push for Grexit. |
Our Athens correspondent watched the whole interview, and confirms that Tsipras hinted that he might resign if the Yes campaign wins. | Our Athens correspondent watched the whole interview, and confirms that Tsipras hinted that he might resign if the Yes campaign wins. |
#Greek PM #AlexisTsipras says his gov will "respect" result of Sunday ref but "will not serve it" if outcome is not the one he wants | #Greek PM #AlexisTsipras says his gov will "respect" result of Sunday ref but "will not serve it" if outcome is not the one he wants |
9.50pm BST | 9.50pm BST |
21:50 | 21:50 |
Channelling FDR again.... | Channelling FDR again.... |
We have justice on our side. If we can overcome fear, then there is nothing left to fear. @ErtSocial #ert #Greece pic.twitter.com/EISB3xw93m | We have justice on our side. If we can overcome fear, then there is nothing left to fear. @ErtSocial #ert #Greece pic.twitter.com/EISB3xw93m |
9.36pm BST | 9.36pm BST |
21:36 | 21:36 |
Alexis Tsipras is suggesting that he’s still prepared to negotiate, while also warning that Greece won’t repay €1.6bn to the International Monetary Fund tomorrow. | Alexis Tsipras is suggesting that he’s still prepared to negotiate, while also warning that Greece won’t repay €1.6bn to the International Monetary Fund tomorrow. |
#Greek PM #AlexisTsipras - conciliatory! "We have not left the negotiating table, we are still at the negot table," he says in TV i/view | #Greek PM #AlexisTsipras - conciliatory! "We have not left the negotiating table, we are still at the negot table," he says in TV i/view |
Having asphyxiated banks & denied extension request, is it reasonable to expect that IMF installment will be paid tomorrow? #ert #Greece | Having asphyxiated banks & denied extension request, is it reasonable to expect that IMF installment will be paid tomorrow? #ert #Greece |
The partners accept IMF's proposals for tough austerity measures but not proposals for restructuring debt. #ert #Greece #Greferendum | The partners accept IMF's proposals for tough austerity measures but not proposals for restructuring debt. #ert #Greece #Greferendum |