Over the weekend the Greek crisis has escalated. The Greek Prime Minister has called a referendum on whether or not the Greek people will support the latest proposals.
The vote will be on 5 July and the Greek government has made it clear it supports a ‘No’ vote. A no vote is likely to mean that Greece defaults and potentially exits the Eurozone.
Greece has introduced capital controls to stop a run on banks, which will be closed until 6 July. The news has caused a ripple effect in the markets – …

The effort to save Greece has hit a crucial 48 hours. There’s a push to get a deal agreed by Wednesday night, when the Eurozone’s finance ministers meet. If negotiations are successful we could see sign-off on Thursday, and that could unlock billions of euros in financial aid for Greece. That would remove the risk of it defaulting on its debt repayments and keep it in the Eurozone – for now, at least.
The euro is likely to be volatile until a deal is officially signed. Hopes are high for a …