Greek debt crisis

Greek debt crisis – live updates

Greek Finance Minister Yanis Varoufakis has resigned in a shock move, a day after Greeks voted to reject the terms of a bailout proposal. Read about the latest developments in Greece’s ongoing debt crisis here.

10:23 Spain says it is completely against Greece leaving the eurozone despite Greek voters’ rejection of creditors’ austerity demands in a referendum on Sunday. Economy Minister Luis de Guindos told a news conference in Madrid that he is not even contemplating a Greek exit from the euro. “We all want Greece not to leave the euro,” he said.

09:45 German Chancellor Angela Merkel’s spokesman Steffen Seibert said that Germany would not enter negotiations on a new bailout program at the current time as the conditions were “not there at present.” However, he reiterated that “the door for talks always remains open,” and that a lot would depend “on what proposals the Greek government now puts on the table.”

09:42 Eurozone finance ministers, known as the Eurogroup, expect a fresh set of economic reform proposals from Athens on Tuesday, according to a statement. “The Eurogroup will discuss the situation following the referendum in Greece that was held on 5 July 2015. Ministers expect new proposals from the Greek authorities,” they said in the statement.

09:39 The German Finance Ministry is not considering any debt restructuring for Greece, a spokesman said.
 
 
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Source News: DW