Alexis Tsipras must be stopped: the underlying message of Europe’s leaders

Germany’s vice-chancellor has become the first senior EU politician to voice the private views of many – that the Greek PM is a threat to the European order One day before Greece’s bailout ends and the country’s financial lifeline melts away, Europe’s big guns have lined up one after another to tell the Greeks unequivocally that voting no in Sunday’s referendum means saying goodbye to the euro.

Italy will not follow Greek downturn, promises finance minister

Pier Carlo Padoan assures nation they are in a stronger position than their eurozone counterparts thanks to their ‘huge but sustainable public debt’ Italy’s finance minister sought on Monday to reassure Italians that they would not be following in Greece’s footsteps, saying that the European Central Bank (ECB) would stop any contagion in its tracks.

Tourists in Greece warned by Foreign Office banking services may be limited

Warning about potential bank closures echoes similar advice issued in the US and Australia as European Central Bank caps emergency funds to country The Foreign Office has updated its advice for those travelling to Greece with a warning that access to banking services in the country may become limited at short notice. The change in advice comes as Greece teeters on the brink of defaulting on its debts, which could trigger an exit from the euro or the closure of the banking system.

Greece crisis could be a Sarajevo moment for the eurozone

Any government that runs into difficulties in the future will have the Greek option of devaluation as an alternative to endless austerity A hundred and one years ago on Sunday, gun shots rang out in a city in southern Europe. Few at the time paid much heed to the assassination of Archduke Franz Ferdinand and his wife as they drove through the streets of Sarajevo

Greece crisis deepens as banks close for a week after weekend that shook euro

Greece’s government says banks will stay closed until after snap referendum, while stock exchange shut on Monday and cash machine withdrawals limited Greeks will on Monday morning find their savings blocked and their banks closed for a week following a fateful weekend that has shaken Europe’s single currency. The Greek government decided on Sunday night it had no option but to close the nation’s banks on Monday after the European Central Bank (ECB) raised the stakes by freezing the liquidity lifeline that has kept Greek banks afloat during a six-month run on deposits.