Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.
European leaders have consistently claimed that their anti-contagion measures would protect the rest of the eurozone from a Greek exit. This looks like pure propaganda.
Many Greeks want to see their country stay in the eurozone, but fear yet another round of crippling austerity measures.
Yannis Kolesidis/EPA/AAP
With the ECB freezing the level of emergency liquidity assistance it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold.
Alexis Tsipras has called a referendum of Greece’s bailout offer.
EPA/Simela Pantzartzi
David Cameron has opened discussions at the European Council about the changes he wants to see in the European Union ahead of a UK referendum on membership. This is an unprecedented step. It is the first…
Professor of International Migration and Forced Displacement and Director of the Institute for Research into International Migration and Superdiversity, University of Birmingham