Euclid Tsakalotos
Eurozone Leaders to Hold Emergency Summit after Greek Referendum
Eurozone leaders are expected to convene at an emergency summit on Tuesday to discuss the situation in Greece after Greek citizens rejected the proposals of international creditors at the Sunday referendum.
Greek Prime Minister Alexis Tsipras is expected to present new proposals, including a considerable debt relief, the BBC reports.
PM Tsipras Appoints Euclid Tsakalotos as Greece's New Finance Minister
Greek Prime Minister Alexis Tsipras has appointed Euclid Tsakalotos as Greece's new finance minister following the resignation of Yanis Varoufakis, according to Greek media reports on Monday.
PM thanks Varoufakis… Reuters favors Euclid Tsakalotos as replacement
Radical Left Coalition (SYRIZA) government spokesperson Gabriel Sakellaridis said that “Yanis Varoufakis as Finance Minister played a leading role in the negotiations (with creditors from the EC, ECB and IMF) from the first day of the government.
Greeks Reject Creditors' Bailout Terms in Referendum - Partial Results
Partial results from Sunday's referendum in Greece indicate voters have rejected the terms of a bailout-for-reforms deal proposed by the country's international creditors.
With over 30% of the votes counted, rejection of the bailout terms by a 'No' vote stood at 60%, while 40% had voted 'Yes' to accept the agreement put forward by creditors on 25 June.
Countdown to Referendum: Everybody vs. Tsipras (party statements)
MAIN OPPOSITION CONSERVATIVE ND
Main opposition conservative New Democracy leader Antonis Samaras commented on his Twitter account:
A movement of the people [is taking place] tonight. It’s the ‘yes’ that stirs up Greeks, the ‘yes’ that unites the country, the ‘yes’ that saves Greece!
CENTRIST POTAMI
Prospect of new bailout talks, referendum cancellation cause furor within ruling SYRIZA
The prospect of the Greek government canceling a hastily called referendum on creditors’ proposals has reportedly caused a firestorm of debate within the ruling SYRIZA party, and more importantly, within the Cabinet itself.
ELA certain only until Tues. – Deutsche Bank: No program extension past July 1
A teleconference between the BoG and the ECB is ongoing, after just after noon (10.00 GMT). According to sources, once the teleconference is complete, a new conference between central bankers and BoG Gov. Yannis Stournaras will take place. During the conference, crucial decisions will be made.
Greeks cautious as Tsipras vote puts fate of euro in their hands
Few walked the rain-slick streets of Athens in the early hours of Saturday when Prime Minister Alexis Tsipras announced his shock decision to let Greeks determine their own financial fate - and perhaps Europe?s, as well.
Latecomers rush to ATMs but no cash available (photos)
Absolute panic was noted at dawn on Friday when Prime Minister Alexis Tsipras made his shock announcement for a referendum. People rushed to ATM machines withdrawing as much as they could in the fear that banks may close leaving people without money. Huge lines formed as people waited to withdraw as much money as possible.
Crucial meetings in the aftermath of a deadlock with creditors
Greece’s negotiating team is meeting at Maximos Mansion at 2 p.m. on Monday.
Prime Minister Alexis Tsipras is currently meeting with the Radical Left Coalition (SYRIZA) Economics Spokesman Euclid Tsakalotos, Finance Minister Yanis Varoufakis and Nikos Vroutsis in Parliament.