Greece’s economy has long since burned out, now Athens is on fire

The value of the euro collapsed as Greece remains in the EU, whilst militant protesters rioted during the night in Athens, throwing petrol bombs and burning parts of Syntagma Square. A third bailout would mean another 89 billion euros of funding, with little hope of repayment

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Greece extends capital controls to Wednesday as Tsipras clings onto euro hopes

Banks will remain closed and capital controls in place in Greece until Wednesday this week as firebrand prime minister Alexis Tsipras attempts to retain the Euro. With debt to GDP ratios high in many other EU member states, the effect of an unpaid 345 trillion euro debt to the ECB looks likely to become his legacy

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European officials reject Greek bailout appeal

Dutch Finance Minister Jeroen Dijsselbloem said it would be “crazy” to extend the Greek bailout beyond its midnight expiration as Athens was refusing accept the European proposals on the table

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