A secondary annuity market is toast.
Following a No vote, Greek finance minister Yanis Varoufakis resigns as Greek finance minister.
Greece has rejected the proposed bailout in a referendum.
The Government has consistently maintained its intention to protect vulnerable people - but will it deliver?
At a stroke, the Government is about to abolish the concept, if not the reality, of child and working poverty. But a crisis is looming.
The European Union has indeed brought peace and prosperity, but now this hard-earned and long-cherished stability is fracturing.
The Chancellor can cite the country's fate as a permanent justification for cuts. But he shouldn't overreach.
The meltdown in Athens and the mistakes of the IMF.
It's hard to imagine many other countries putting up with a 25 per cent decline in GDP, a 26 per cent unemployment rate and 35 per cent salary cuts without a revolution and a public lynching of their elected officials.
Alexis Tsipras has conceded to all but minor aspects of Greece's creditors, but Berlin says it won't negotiate until after the referendum.
Greece has missed the deadline to pay €1.5bn to the International Monetary Fund, putting the country into arrears, while eurozone ministers refuse to extend its bailout.
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