Well, the Greeks had submitted a proposal that met all of the EU's conditions and then, once again, the EU did a 180 and said it wasn't enough. The Greek PM pulled off a small miracle this weekend by getting the parliament to support the proposal even though it meant accepting most of the same conditions the referendum was protesting. It is now nearly 9 a.m. Sunday morning in Athens. In the next 15 hours, there must a deal or else. The Greek banks are now officially out of money. The German Finance Minister had even casually remarked earlier that perhaps Greece should draw up a 5-year plan to back out of the euro, which was swiftly turned around to sound like it was Greece's idea, a distortion they quickly correctly. Such misunderstandings, whether intended or not, are precisely the reason these negotiations have been taken away from the finance ministers and are now directly in the hands of the 18 other PMs. Hopefully they have a better understanding of the political implications and will do better by Greece. We will know in about 15 hours.
And for today's news from Europe:
Euro zone ministers demand more from Greece for loan talks | Reuters
And for a snapshot showing the entire six year history of the current Greek debt crisis:
The Unfolding Greek Crisis | The Big Picture
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