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World / Europe

Timeline: Ten days in the Greek debt crisis

(Agencies/chinadaily.com.cn) Updated: 2015-07-06 13:35

Tuesday, June 30:

Tsipras seeks a 30-billion-euro deal with the European Stability Mechanism (ESM) to cover state financing needs and restructure Greece's crushing debt.

At midnight, Greece misses the deadline to repay 1.5 billion euros in loans to the International Monetary Fund (IMF).

Monday, June 29:

European Commission head Jean-Claude Juncker says he feels "betrayed" by the Greek actions. Tsipras publicly doubts Juncker's "sincerity" as relations between the two sides hit a new low.

Sunday, June 28:

The European Central Bank (ECB) says it will maintain an emergency cash lifeline to Greece but not increase its level, raising fears of a liquidity crunch.

Greek officials enact capital controls that limit ATM withdrawals by Greeks to 60 euros ($65) per day and close banks until July 7.

Pensioners without bank cards can withdraw money from banks however, and foreign tourists are not subjected to the limit.

Saturday, June 27:

Prime Minister Alexis Tsipras calls a July 5 referendum on whether or not to accept the terms of the latest round of bailout aid. "The people must decide free of any blackmail," he tells the nation.

Eurozone finance ministers decide to let a Greek rescue plan expire on June 30, effectively ending talks with Athens on more aid. Greeks start withdrawing large sums of money from ATMs.

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