All posts by Moderator

Greek crisis: pensioners queue for retirement cheques – video

Pensioners queue outside Greece’s national bank in Athens on Wednesday to collect their retirement cheques. The country has re-opened 1,000 branches for OAPs who do not have ATM cards. Banks are expected to remain closed for other purposes until 6 July, as part of capital controls imposed this week after the European Central Bank froze financial support needed to keep the Greek banks afloat Continue reading…

How Tsipras and Varoufakis turned Greek tragedy into Twitter triumph

The Greek PM and his finance minister have been live-tweeting the debt drama, but the eurozone is striking back in the social media onslaught

Politicians aren’t particularly renowned for a strong game on social media. Whether it’s falling for parody accounts, tweeting their own names, or, er, offering free owls for all, it’s not often they get it right.

Enter the Greeks. Never before has a government embroiled in one of the biggest global economic crises been so good at tweeting. We hear President Coolidge, for instance, was always screwing up his mentions.

An incredible mastery of the subtweet

Our people have remained calm in face of blackmail. Outside attempts to sway them only strengthens their resolve. #Greece #OXI #Greferendum

Lie #1: The document was returned due to ‘wrong’ signature (It was never returned) Lie #2: The signature was mine (It was the PM’s)

Having asphyxiated banks & denied extension request, is it reasonable to expect that IMF installment will be paid tomorrow? #ert #Greece

We will be holding the #referendum next Sunday, honoring the sovereignty of our people and our future. #Greece #vouli

@Seresserynoser A question pregnant with contempt for democracy…

We imagine Tsipras at the negotiating table, chair pushed back, checking his mentions

We need to remain ambitious, in our partnership and in facing global challenges #EUCELAC http://t.co/PvrSSABl6i

That’s it for tonight. #Eurogroup will continue tomorrow at 13.00.

Meeting with @EPP colleagues before #Eurogroup which begins at 13.30.

.@alexstubb’s Twitter feed is now the conduit through which the Eurogroup communicates.

Once again #Twitter proves to be an important source of up-to-date information for those following issues linked to #Greece and the #Euro.

Got my hands on new @atsipras letter conceding on almost all points. QUick story here: http://t.co/VsdKLnWw8M pic.twitter.com/kHIVrvpOBi

Continue reading…

Greece debt crisis: creditors consider next steps after IMF default – live

Creditors to discuss new Greek proposals as ECB considers whether to continue help for country’s banks

9.10am BST

Greek manufacturing activity shrank for the 10th month in a row, according to the latest purchasing managers index.

The Markit index fell to 46.9, with a sharp decline in export orders and production.

Markit Greece Manufacturing PMI Jun: 46.9 (prev 48) $EURUSD

“The accelerated contraction in goods production in June ended the worst quarter for the Greek manufacturing sector for two years.

“With negotiations over a debt deal ongoing in June, demand was subdued, leading new orders – both from domestic and international clients – to fall even faster than in May.”

8.55am BST

Here’s the latest update from my colleague Jennifer Rankin in Brussels:

Greece is waiting to hear whether it will be granted emergency aid from the European Central Bank, as it scrambles to pay wages and pensions without the financial lifeline of an EU bailout.

The country is insolvent and almost bankrupt after five years of €240bn (

Greece awaits ECB decision on emergency aid

Athens scrambles to pay wages and pensions after becoming the first EU country to default on its debts

Greece is waiting to hear whether it will be granted emergency aid from the European Central Bank, as it scrambles to pay wages and pensions without the financial lifeline of an EU bailout.

The country is insolvent and almost bankrupt after five years of €240bn (