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Greek crisis: Key events since referendum

09 July 2015, 14:46 CET
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(ATHENS) - Following is a timeline of events in the Greek crisis since Sunday's referendum:

Sunday, July 5:

- Greek voters reject terms of a bailout proposition with 61.31 percent voting "No", boosting Prime Minister Alexis Tsipras.

- Tsipras says the vote "is not an mandate of rupture with Europe, but a mandate that bolsters our negotiating strength to achieve a viable deal." He warns creditors: "This time, the debt will be on the negotiating table."

- German Economy Minister Sigmar Gabriel says Tsipras has "torn down the bridges" between Greece and Europe.

Monday, July 6:

- Yanis Varoufakis resigns as Greek finance minister to improve relations with eurozone creditor countries, and is replaced by Euclid Tsakalotos, who has been steering talks with EU-IMF creditors.

- The European Central Bank (ECB) maintains a crucial cash lifeline to Greek banks but with tougher conditions.

Tuesday, July 7:

- Eurozone finance ministers meet in Brussels ahead of an extraordinary summit of eurozone heads of state and government. Both meetings end without a detailed proposal from the Greek government. It is given until Thursday to present a convincing programme of reforms.

- European Commission head Jean-Claude Juncker, who had said he is opposed to Greece withdrawing from the 19-nation eurozone, warns that such a scenario has nonetheless now been prepared "in detail.".

Wednesday, July 8:

- Tsipras addresses the European Parliament, says Greece will submit "credible" reform plans on Thursday, and wants to prevent a "divided Europe." His speech draws a mix of boos and cheers from European MPs.

- EU President Donald Tusk warns MPs: "This is really and truly the final wake-up call for Greece and for us, our last chance."

- Athens formally submits a request for new aid from the European Stability Mechanism, the eurozone's bailout fund, offering to start pension and tax reforms next week in return for a three-year eurozone loan.

To obtain the aid, Athens must submit a complete reform plan to the eurozone by late Thursday, ahead of a full EU summit on Sunday.

- French premier Manuel Valls calls Greek request "balanced, positive." "It shows a real willingness to move forward and reform," he adds.

Spanish Prime Minister Mariano Rajoy welcomes a "positive" change in tone.

- Greek banks, closed since June 28, will remain closed until Monday, while withdrawal limits will remain unchanged at 60 euros ($66).

- The ECB decides to leave its cash lifeline to Greece, known as Emergency Liquidity Assistance (ELA), unchanged at 89 billion euros ($99 billion).

- International Monetary Fund Managing Director Christine Lagarde says a new bailout would require creditors to restructure Greece's debt, a position contrary to that of the EU.

Thursday, July 9:

- Tusk says Greece's creditors must make a "realistic" proposal for managing its debt.


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