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.
European stocks drop further ahead of Greek talks
Europe's main stock markets fell on July 7 awaiting more high-level talks on the Greek crisis and following heavy losses the day before.
After rising at the open, indices turned red as Frankfurt's DAX 30 dropped 0.56 percent to 10,829.62 points compared with Monday's close.
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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.
ECB Keeps Cash Aid to Greek Banks Flat Despite Liquidity Shortage
The European Central Bank on Monday said it will keep its financial assistance to Greek banks unchanged, further tightening the screws on the Greek lenders.
Greek minister says Europe won't let Athens go under
Greece's finance minister accused creditors of trying to "terrorize" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced from the euro after a referendum on July 5 on bailout terms.
Schaeuble says Greece will stay in EZ even with ‘no’ referendum
German Finance Minister Wolfgang Schaeuble said on Monday during a private conversation with three people who wished not to be identified that Greece would stay in the euro for the time being even if Greek voters rejected austerity in a referendum on July 5.
Greece's Vote on Bailout Proposal: 'Yes' or 'No' to Eurozone Membership
Greece's left-wing government plans to ask the country's citizens on Sunday whether to accept or reject the demands of its creditors for extended bailout funding needed to avert a default.
German chancellor open to talks with Greece after referendum
German Chancellor Angela Merkel played down prospects of a breakthrough with Greece in the coming days, but said she stood ready to restart talks with the government in Athens after a planned referendum on Sunday.
'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!)