Grexit

What relief? Greek economy is on its knees despite bailout deal

Greece has a tentative rescue deal, but relief that it is not falling out of the euro is unlikely to last long: its economy has taken a huge hit.

Debt crisis: How Greece's euro tragedy turned into a farce at the end

The deliberations leading to this compromise by the European Council have tried their best to keep Greece within the fold and retain the integrity of the euro currency.

Does the European Union Exist? A 'Grexit' will demonstrate the artificiality of the Union

What will demonstrate the artificiality of the Union is what has been called ‘Grexit’- that is, Greece’s exit from the European Union.

Grexit: Why Amartya Sen and Thomas Piketty are right about Germany

As economic history has shown more than once, whenever people in decision making positions forget what Keynes said, the world usually ends up in a bigger mess.

New offer to Greece may have stringent conditions, next 48 hours crucial

Creditors' resistance to softening terms remains high

Greek finance minister quits to smooth talks after 'No' vote

In a parting blog post celebrating the Greek 'Oxi' ('No') vote, Varoufakis said Greeks had taught Europe a lesson in democracy and should now demand better financial rescue terms.

A big, fat Greek no: What the rejection of bailout terms means for the country

Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. After five years of bailouts, it could become the first country to leave the eurozone.

It's official: Greece declared in default ahead of knife-edge referendum

The news will come as a fresh shock to Greece's 11 million people, and will hang over two major, rival rallies taking place in Athens today seeking to galvanise 'Yes' and 'No' support for Sunday's referendum.

No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

The question that Alexis Tspiras’ government will have to ask itself is after exiting the euro whether it can actually go slow on austerity and keep spending more drachmas, where there are no corresponding goods being produced.

Greece referendum: PM Alexis Tsipras steadfast on 'no' vote as EU makes last-minute offer

Tsipras would have to send a written acceptance of the version of proposals from the lenders published on Sunday, with a pledge to campaign for them to be accepted in the planned July 5 referendum