The Greek government has extended bank closures and a €60 (£43; $66) daily limit on ATM withdrawals until Monday.

On July 5, the Greek people unanimously voted “No” in the country's referendum on whether to accept the terms of the EU bailout, with a convincing 61 percent of people rejecting the austerity measures brokered by European powers.

During my insensitive, immature childhood years I used to be hugely amused when a few of my South Asian friends from the South of India would shake their heads from left to right, saying Yes.

As with any case of austerity politics, the biggest losers were the working class, as conditions of free market investment benefitted the capital-owning class. These harsh measures eventually led to mass unemployment and underconsumption and as a result the economy suffered even more, worsening Greece's plight.

Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40.

Greek Finance Minister Yanis Varoufakis announces his resignation on Monday, a day after Greeks delivered a resounding 'No' to the conditions of a rescue package.

Greece's Prime Minister Alexis Tsipras says that the Greeks made a "brave choice" in voting to reject the terms of an international bailout.

Mainland Chinese shares surge nearly 8% on Monday despite rest of Asian markets trading lower on Greece's rejection of austerity demands.

No matter the solution found for Greece's debt crisis, fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start growing again.

Greece misses deadline for a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF), hours after eurozone ministers refused to extend its bailout.

The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors.

Greece closes its banks and imposes capital controls on Sunday to check growing strains on its crippled financial system, bringing prospect of being forced out of euro into plain sight.

EU leaders holding late-night talks in Brussels have agreed to relocate tens of thousands of migrants who have arrived in Italy and Greece.

EU interior ministers are to discuss how to deal with tens of thousands of migrants trying to enter Europe each year by crossing the Mediterranean.

Cristiano Ronaldo scores his third hat-trick in his last three games for club and country as Portugal held on with ten men for a crucial win in Group I.

The future of Europe and the euro now depends on whether the eurozone's political leaders can combine a modicum of economic understanding with a visionary sense of, and concern for, European solidarity.

German Chancellor Angela Merkel has warned that time is running out for a deal to keep Greece in the eurozone.

Seventy Afghan and Iraqi migrants have been rescued from a packed boat off the southeastern coast of Italy and brought to shore on Sunday

The European Union has given Greece until April 20 to present a list of reforms which, if found acceptable, would unlock the final tranche of aid funds promised under a multi-billion-euro bailout, a German newspaper reported Sunday.

German parliament has voted to extend financial aid to Greece by another four months.