Greece debt crisis live: Belgian Prime Minister tweets 'agreement' after mammoth, all-night summit
After a marathon 15 hours of talks the Belgium prime minister tweeted the word: "Agreement"
Here are the latest updates:
● Belgium Prime Minister tweets 'agreement' after mammoth, all-night summit
● European Commissioner promises 'there is a way out'... but economists say Grexit likely
● Athens blinks first as Alexis Tsipras promises to 'immediately implement' reforms
● Will Greek troubles spill over to the rest of Europe and UK?
● The Greece debt crisis explained in less than 100 words
● Will Greek troubles spill over to the rest of Europe and UK?
● Greece travel advice Q&A: Tourists urged to bring cash not cards on holiday
● What are capital controls and how do they work?
Please wait a moment while the liveblog loads...
Eurozone leaders appear to have reached a compromise deal that would secure Greece a third bailout in a Eurogroup summit that has gone on through the night in Brussels.
After a marathon 15 hours of talks, the longest EU summit on record, Charles Michel, the Belgium prime minister, tweeted the word: "Agreement".
Banks in Greece are still closed signalling that without the emergency funding they do not hold enough cash to reopen.
Mr Tsipras sounded upbeat before the summit, telling reporters, “I am here, ready for an honest compromise.” He was buoyed by a softening of tone by some countries: the hawkish Finnish Finance Minister Alex Stubb, who was adamant on Saturday after the reportedly fractious eurozone ministers’ meeting that the only solution was a Greek exit from the euro, said: “I think there’s a very good proposal on the table.”
Last week economists now believe Greece will be forced to leave the Eurozone, according to a poll by Reuters on Wednesday. The 57 economists asked gave a median 55 per cent chance of Greece leaving the Eurozone. Reuters said it was the first time the balance had tipped to the likelihood of a so-called Grexit.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies