EPA/Arne Dedert
The ECB has introduced a slate of bold measures to counter low growth and the threat of deflation.
ECB’s Mario Draghi on lower rates: “The answer is no.”
Reuters/Kai Pfaffenbac
This week: a range of confidence measures, from not great to interesting for Australia; ECB confirms negative rates and further stimulus.
shutterstock.com
Scrapping €500 notes would inconvenience money launderers; it would also help the European Central Bank to make interest rates more negative.
Time’s up?
www.shutterstock.com
This is what could cause the collapse of the EU – and what could save it.
More volatility than exuberance.
Reuters/Brendan McDermid
Sharemarkets may welcome monetary intervention, but indications of growth are needed.
Charting a different course.
REUTERS/Kacper Pempel
With economies in Europe and America forging very different recoveries, their central banks are having to navigate by different stars.
Another chance? Tsipras seeks a new mandate.
REUTERS/Alkis Konstantinidis
An opposition politician and academic argues that new revelations from the Syriza leadership imply that the Prime Minister misled the Greek people.
Greek demonstrators protested as its government voted to accept the latest austerity conditions. Greece would have been better off exiting the Eurozone.
AAP/New Zulu/Gael Michaud
If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.
Two faced? More tragedy than comedy in this Greek drama.
Phil Shirley
The draconian deal imposed by the Eurogroup is worse than a reparations settlement imposed on a defeated enemy.
Under pressure to do a deal: Alexis Tsipras.
EPA/Jerry Lampen
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.
Celebrations by No supporters on July 5 in front of Greek parliament in Athens.
EPA
The Greek rejection of the bailout means it’s time to brace ourselves: Grexit is now an 80% probability.
The No vote won it.
EPA/Armando Babani
5 julio 2015
Costas Milas , University of Liverpool ; George Kyris , University of Birmingham ; James Arvanitakis , Western Sydney University ; Marianna Fotaki , Warwick Business School, University of Warwick ; Nikos Papastergiadis , The University of Melbourne ; Remy Davison , Monash University ; Richard Holden , UNSW Sydney ; Ross Buckley , UNSW Sydney y Sofia Vasilopoulou , University of York
Academic experts respond to the No vote in Greece’s referendum on whether or not to accept a bailout offer from their international creditors.
Alexis Tsipras prepares for an interview with the state broadcaster.
EPA
Would the eurozone redesign its flawed system in the wake of a Grexit?
Many are ready to call it quits with the euro, but down that road lies nothing good.
Reuters
An analysis conducted in 2007 showed how severe the consequences would be if a country left the euro. How have eurozone officials let it get this far?
People queue to withdraw cash from Greek banks.
EPA/Alexandros Vlachos
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.
Blessed are the bean counters? New investment in Greece could drive development.
David Dennis
Investment for profit and development should lie at the heart of a solution for the imbalances in Greece and Europe.
Fighting the debt effect. Greece is struggling at every level.
psyberartist
A call to break with the leadership of Greece’s ruling party has highlighted the futility of debt-led austerity and the burden it places on people on the wrong side of a banker’s bad bet.
Alexis Tsipras’ visit to Moscow this week drew a terse response from Angela Merkel, but no deal has been announced.
Alexey Nikolsky/Ria Novosti/Kremlin Pool/EPA/AAP
As Greece wastes time seeking war repatriations to help cover its debts, a better solution would be debt forgiveness - with conditions.
Game for a fight? Varoufakis arrives in Brussels.
EU Council Eurozone
Yanis Varoufakis was supposed to have an academic advantage in tangled talks with the Troika. But politics can mess with the most careful plans.
How QE came about. ECB minutes released.
nico_enders
The first ever minutes from the rate setting meeting at the ECB should remind member governments of the Eurozone’s disarray.