Greece debt crisis: Tsipras asks for new bailout – live updates


15m ago17:04

In the financial markets, there’s little hope of any major breakthroughs tonight, says Chris Weston of IG:

Greece is living in its final hours before passing into the unknown territory that lies beyond the bailouts of the past five years. It is a journey that even Jason and his Argonauts might balk at venturing on.

19m ago16:59

Europe’s stock markets ended the day deep in the red again, with the Greek crisis causing some alarms again (although not a full-blown crash).

European stock markets, June 30, close
European stock markets, June 30, close Photograph: Thomson Reuters

There was a last-minute selloff (how appropriate!), driving the FTSE 100 down 99 points for the day:

FTSE 100, June 30, 2015
FTSE 100, June 30, 2015 Photograph: Thomson Reuters

31m ago16:47

Other members of Greece’s negotiating team have joined Yanis Varoufakis and Alexis Tsipras at the PM’s mansion to discuss the situation (in a blow for photographers, they didn’t all arrive on motorbikes)

Updated at 4.47pm BST

34m ago16:44

The latest rumblings out of Brussels don’t sound too good for Greece….

But one thing’s clear, this story ain’t over yet.

40m ago16:38

The campaign for a Yes vote in Sunday’s referendum will begin holding demonstrations in central Athens, in around an hour’s time.

— spyros gkelis (@northaura)June 30, 2015

#greececrisis Athens tonight: pro-“yes” (for #Greferendum) demo at #syntagma sq. Hashtag: #YesEurope #MenoumeEvropi

— Dimitris Kourkoulas (@kourkoulasdim)June 30, 2015

35.000 persons have already confirmed in Facebook their presence in today’s pro-EU rally in Athens. #MenoumeEvropipic.twitter.com/EU6MU9kF26

Updated at 4.40pm BST

49m ago16:29

Germany isn’t alone in reacting warily to Greece’s request for a third bailout; Politico’s Ryan Heath hears that others countries are unimpressed.

— Ryan Heath (@PoliticoRyan)June 30, 2015

#EU govts not reacting well to #Greece loan request. “Lots of countries at this stage against new money and debt relief,” Nat spoke source

55m ago16:23

Wall Street has gone back to – largely – ignoring the Greek crisis after yesterday’s dip.

In morning trading the Dow, S&P 500 and the Nasdaq are all up marginally. There has been speculation that the Federal Reserve may delay raising interest rates if the eurozone crisis escalates, which could account for today’s better mood.

At least someone’s happy…

1h ago16:17

As news of the third bailout request sent ripples through the eurozone, Greece’s finance minister left the finance ministry.

His destination — the prime minister’s residence, Maximos Mansion, for a meeting.

First though, Yanis Varoufakis had to negotiate his way through the Athens traffic, and the gridlock of reporters outside his office.

Greece’s Finance Minister Yanis Varoufakis is surrounded by media as he leaves from his office in Athens, Tuesday, June 30, 2015. Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals. (AP Photo/Daniel Ochoa de Olza)
Photograph: Daniel Ochoa de Olza/AP
Greece’s Finance Minister Yanis Varoufakis, left, is greeted by a woman as he leaves from his office in Athens, Tuesday, June 30, 2015. Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals. (AP Photo/Daniel Ochoa de Olza)
Photograph: Daniel Ochoa de Olza/AP
Greece’s Finance Minister Yanis Varoufakis drives his bike as he leaves from his office at Syntagma square in Athens, Tuesday, June 30, 2015. Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals. (AP Photo/Daniel Ochoa de Olza)
Photograph: Daniel Ochoa de Olza/AP
Greece’s Finance Minister Yanis Varoufakis arrives with his motorcycle at Maximos Mansion for a meeting with the Greek Prime Minister Alexis Tsipras in Athens, Tuesday, June 30, 2015. Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals. (AP Photo/Derek Gatopoulos)
Photograph: Derek Gatopoulos/AP

1h ago16:11

Angela Merkel has told lawmakers in Germany that her government can’t consider any new proposal from Greece until Sunday’s referendum has taken place.

Is that slamming the door, or leaving it tantalisingly ajar?

Updated at 4.17pm BST

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