European sovereign debt crisis timeline

EU, EZ leaders point to weekend as last deadline for deal

Europe has given the Greek government an ultimatum to produce a reforms-for-bailout cash package or face a eurozone exit. A deadline appeared as Sunday, when a new emergency euro summit will be held.

Speaking after the latenight eurozone summit, European Council president Donald Tusk warned that the next five days are the most critical in the European Union’s history.

Greece's Stability Important for Bulgaria, Borisov Tells Tusk

The stability of the EU and the eurozone is a matter of paramount importance for Bulgaria, Prime Minister Boyko Borisov has said after Greeks rejected the creditors' terms of a cash-for-reforms deal.

The resounding 'No' in Sunday's referendum in Greece has set Athens up for further clash with European creditors and uncertain future in eurozone.

'Frustrated' Ireland urges Greeks to keep negotiating

The Irish government on Monday urged Greece to follow its example and keep working with its international creditors on averting a default and possible exit from the euro.

Deputy finance minister Simon Harris said he was "frustrated" by the hard-left Greek government's refusal to accept proposed reforms because it was elected earlier this year on an anti-austerity ticket.

50 shades of Greek crisis: From 'debt slavery' to promised …salvation! (photos)

“It was the best of times, it was the worst of times,” wrote Charles Dickens in “A Tale of Two Cities” and this quote may well apply to Athens right now, as two worlds are on a collision course:

Yes vs. No, Greece vs. Creditors but NOT Drachma vs. Euro (though it could be!) 

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