Fra Guardian
And here’s Tuesday’s Guardian — complete with Yanis Varoufakisleaving the building
Just one more thing… the front pages of the UK newspapers. And tomorrow’s crunch summit makes the front of the Financial Times:
While Angela Merkel’s hard-ish line on Greece is the splash in the Daily Telegraph:
Closing summary: Last chance for Greek deal looms
We’re been live-blogging the reaction to Sunday’s Greek referendum for around 21 hours now. It’s time to wrap up and give the Guardian web servers a rest.
So, a final recap.
Greece and the eurozone will make one last, desperate attempt to make progress towards an urgently needed bailout deal on Tuesday.
Leaders, and finance ministers, will both hold crucial meetings in Brussels, after Sunday’s referendum result raised the risks of Grexit to new heights. It’s a final chance for Greece to propose a new reform plan that could start the ball rolling towards a new aid package, but the journey looks perilous.
The leaders of France and Germany are scrambling to reach a consensus tonight in Paris, at a top-level meeting about Greece (photos here).
Greece’s prime minister has held telephone calls with the heads of the International Monetary Fund and also the European Central Bank. Alexis Tsipras told Mario Draghi that the capital controls in Greece need to be lifted, but was told by Christine Lagarde that the IMF cannot released more funds now Athens is in arrears.
Earlier, Francois Hollande insisted that there was time to reach a deal. Angela Merkel sounded less optimistic, though, warning that there was currently no basis for an agreement. Press conference highlights start here.
Spain’s PM warned that time was now very short, while Dutch leaderMark Rutte said Greece must accept deep reforms to keep its place in the eurozone.
Analysts aren’t convinced that progress will be made tomorrow….
The European Central Bank has tightened the rules for giving emergency funding to Greek banks tonight. It is now imposing tougher haircuts on the assets they hand over, restricting their ability to access the funding.
The ECB also reportedly rejected a request for €3bn in extra ELA support:
This means Greek banks will remain shut for at least two more days, after capital controls were extended until the end of Wednesday.
Over in Greece, Alexis Tsipras has mobilised the leaders of the main opposition parties to support him. They signed a joint statement, saying Sunday’s referendum showed Greece’s desire for a “socially just and economically sustainable agreement”.
There’s talk of a new mood of national unity, but it could be swiftly shattered.
Tsipras has also passed the honour/poisoned chalice of being Greece’s finance minister to Euclid Tsakalotos, following Yanis Varoufakis’s resignation this morning.
Tsakalotos was sworn in tonight, and will represent Greece at Tuesday’s eurogroup meeting. He’s unlikely to don a tie for the occasion, though. Here’s our profile of Euclid.
