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Greek result 'very regrettable': Eurogroup's Dijsselbloem

published about 2 hours ago
Greek result 'very regrettable': Eurogroup's Dijsselbloem
Greece's 'No' vote in its bailout referendum is "very regrettable" and the economy faces tough measures to recover, the head of the Eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, said Sunday. This result is very regrettable for the future of Greece," Dijssebloem, the Dutch finance minister, said in a statement. "For recovery of the Greek economy, difficult measures and reforms are inevitable.

Greece's Next Challenge: Paying the European Central Bank

published about 3 hours ago
If Greece misses the July 20 payment, the ECB is widely expected to cut Greek banks off entirely, leading to their collapse and a likely exit from the eurozone.

'Democracy' the winner in Greece: Spain's Podemos

published about 3 hours ago
'Democracy' the winner in Greece: Spain's Podemos
The leader of Spain's leftist Podemos party on Sunday hailed results from Greece's referendum showing voters decisively rejecting creditors' bailout terms as a victory for democracy. "Today in Greece democracy won," Podemos leader Pablo Iglesias, a close ally of Greek Prime Minister Alexis Tsipras, posted on his Twitter page. Spain's conservative Prime Minister Mariano Rajoy -- who had urged Greeks to accept the bailout proposals -- called for an emergency meeting of the country's economic affairs committee on Monday.

Euro Tumbles As Greek Drama Unfolds

published about 4 hours ago
The euro took an early morning tumble in Asia and traders are gearing up for more volatility after a first official projection of Greece’s referendum outcome indicated a victory for the “no” vote.

Greek Voters Poll-Ax Markets

published about 4 hours ago
The projected result of the Greek vote will rattle the eurozone and global markets.