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| Version 1 | Version 2 |
|---|---|
| Greece debt crisis live: European Commissioner promises 'there is a way out'... but economist say Grexit likely | Greece debt crisis live: European Commissioner promises 'there is a way out'... but economist say Grexit likely |
| (about 3 hours later) | |
| Here are the latest updates: | Here are the latest updates: |
| EC chief Donald Tusk adds to US pressure on Germany to scrap Greek debt | |
| European Commissioner promises 'there is a way out'... but economists say Grexit likely | European Commissioner promises 'there is a way out'... but economists say Grexit likely |
| 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 |
| Will Greek troubles spill over to the rest of Europe and UK? | Will Greek troubles spill over to the rest of Europe and UK? |
| 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 |
| What are capital controls and how do they work? | What are capital controls and how do they work? |
| Please wait a moment whille the live blog loads... | Please wait a moment whille the live blog loads... |
| On Wednesday, Greece appeared to blink first with an application for emergency funding from the European Stability Mechanism. | On Wednesday, Greece appeared to blink first with an application for emergency funding from the European Stability Mechanism. |
| In the letter sent to the ESM, the Athens government said it would “set out in detail its proposals for a comprehensive and specific reform agenda” that would avert national bankruptcy and an exit from the euro. These would include reforms to the tax and pension system, the letter promised. | In the letter sent to the ESM, the Athens government said it would “set out in detail its proposals for a comprehensive and specific reform agenda” that would avert national bankruptcy and an exit from the euro. These would include reforms to the tax and pension system, the letter promised. |
| Ministers were poised to receive an exact timetable for reforms on Thursday. | Ministers were poised to receive an exact timetable for reforms on Thursday. |
| Banks in Greece will remain closed until Monday, Tsipras has said, signalling that without the emergency funding they do not hold enough cash to reopen. | Banks in Greece will remain closed until Monday, Tsipras has said, signalling that without the emergency funding they do not hold enough cash to reopen. |
| The majority of economists now believe Greece will be forced to leave the Eurozone, according to a poll by Reuters on Wednesday. The 57 economists asked gave a median 55 per cent chance of Greece leaving the Eurozone. Reuters said it was the first time the balance had tipped to the likelihood of a so-called Grexit. | The majority of economists now believe Greece will be forced to leave the Eurozone, according to a poll by Reuters on Wednesday. The 57 economists asked gave a median 55 per cent chance of Greece leaving the Eurozone. Reuters said it was the first time the balance had tipped to the likelihood of a so-called Grexit. |