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Monday, July 6th

Tsipras triumphs as Greece votes against austerity “As the euro dropped in Asian trading and Tsipras’s supporters filled Athens’s central Syntagma Square waving Greek flags, German Chancellor Angela Merkel and French President Francois Hollande called for an emergency leaders’ summit on Tuesday. The verdict turns the tables on Merkel and Greece’s other creditors, who must now decide if a financial rescue of the region’s most indebted country is still possible. It significantly raises the chances of a Greek exit from the single currency, as the country’s banks run out of cash and its economy staggers toward all-out collapse.” (Also: How Europe’s leaders betrayed European ideals in the Greek crisis and 12 people who ruined Greece

Bloomberg
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