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Greeks vote 'No' - What now? LIVE REPORT
People celebrate in Athens on July 5, 2015 after the exit-polls of the Greek referendum showed over 60% of Greeks rejected further austerity dictated by the country's EU-IMF creditors in a referendumAthens (AFP) - 09:10 GMT - Latin America cheers Greece - A handful of countries across Latin America congratulated Greece on its Sunday referendum in which voters rejected creditors' austerity demands. Argentine President Cristina Kirchner, whose country defaulted on a mountain of debt more than a decade ago, called the vote a victory. 08:54 GMT - "No special treatment" - Ireland, Italy, Spain and Portugal, all eurozone countries that had to accept tough austerity measures to satisfy international creditors, will keenly watch what concessions, if any, are granted to Greece to prevent it tumbling out of the euro now that it has rejected similar creditor demands.
Mon, 06 Jul 2015 05:11:46 -0400
U.N. debt expert says Greece can't take more austerity
Greece cannot take any more austerity as it will cause more social unrest and lessen the chance of an economic recovery, a United Nations debt expert said on Monday. Juan Pablo Bohoslavsky, the U.N. Independent Expert on Foreign Debt, told reporters in Beijing that Greece's creditors in the European Union should have paid more attention to what international law says on the matter of debt. "I have the impression that the EU had forgotten that international human rights law plays and should play a key role in finance. Mon, 06 Jul 2015 05:07:13 -0400
Betting odds indicate Greece to stay in euro but 'Brexit' more likely
Greece will not leave the euro zone this year but Britain is now more likely to vote to leave the European Union in a referendum, Ladbrokes bookmaker odds showed on Monday after Greeks voted 'no' to bailout terms. Greece is now 2/5 to remain in the euro zone this year while the odds on Britain leaving were cut to 3/1 from 7/2, the bookmaker said. "Betting markets favor their euro zone membership staying intact until the end of the year at least," Ladbrokes spokesman Alex Donohue said of Greece. Mon, 06 Jul 2015 05:04:19 -0400
Italy says Greece, EU must re-start talks, be ready to compromise
ROME (Reuters) - Italy's top official for European Union affairs called on Monday for Greece and its creditors to resume negotiations with an increased willingness to compromise following the referendum in which Greeks rejected the lenders' most recent proposal. Mon, 06 Jul 2015 05:04:19 -0400
Greek top negotiator in line to become finance minister: source
ATHENS (Reuters) - Greece's chief negotiator in aid talks with international creditors, Euclid Tsakalotos, is the government's top candidate to become finance minister following the resignation on Monday of Yanis Varoufakis, a senior government official said. Mon, 06 Jul 2015 05:04:19 -0400
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