Grexit no longer represents the potential catastrophe that it once did. After all, the main short-term cost has already materialised, writes Daniel Gros.

European Union (EU) and International Monetary Fund (IMF) negotiators have begun talks with Greece to hammer out details of a third international bailout worth €85bn.

Greek prime minister Alexis Tsipras has defeated a bid by dissenters in his left-wing Syriza party to push for an end to bailout talks and an exit from the euro.

Greece has officially requested a new loan from the International Monetary Fund.

High-level talks between Greece and its European creditors on a third bailout for the cash-strapped country have been delayed until logistical matters are sorted out, officials said.

Greece’s radical government emerged bloodied but alive from a key vote in parliament, which overwhelmingly approved new creditor-demanded reforms despite a revolt among hardliners in the main ruling party Syriza.

EU economy chief Pierre Moscovici has said Greece’s European creditors have agreed to provide debt relief so long as the country’s government can deliver on the terms of its third bailout package.

Greece set a series of landmarks today it hopes will shore up its battered economy following months of crisis that threatened its place in the euro.

Please wait while we seem serious and caring … *whirr*

Greek banks are poised to reopen after a forced three-week closure – but restrictions on cash withdrawals remain.

Simon Cowell is planning a budget holiday to Greece.

A senior European Union official has said that a way has been found to get Greece more than €7bn in short-term cash.

German policy-makers have given overwhelming approval to opening detailed negotiations with Greece on a new bailout package.

Eurozone ministers have agreed to give Greece a €7bn bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved.

Greece is seeking urgent relief from European lenders after pushing a harsh austerity package through parliament, triggering a revolt in the governing party and violent demonstrations in central Athens.

Greek MPs have voted overwhelmingly to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of prime minister Alexis Tsipras’ left-wing party.

Greek politicians are debating an austerity bill ahead of a vote that will condemn the country to years of more budget savings, but is needed to get a desperately needed new bailout.

Finance Minister Michael Noonan has claimed the Greek coalition government party Syriza made a “disastrous political decision” when it asked the public to give its view of the EU debt deal.

Greek prime minister Alexis Tsipras faces open revolt from some of his own ministers as he seeks support for a bailout deal that, while saving the country from financial collapse, will cause years of pain for Greece.

On the second day following the Greek debt agreement, markets posted further modest gains, but continued to worry whether the €86bn bailout accord will stick in the coming weeks, analysts warned yesterday.

Ireland was among the governments demanding to "pull the trigger" on Greece's banks - even if it means some Greek people starve to death.

Greek prime minister Alexis Tsipras faced open revolt from some of his own ministers as he sought support for a bailout deal that, while saving the country from financial collapse, will cause years of more pain for Greece.

Taoiseach Enda Kenny has said that the delay caused by last week's bailout referendum has cost Greece dearly.

British Chancellor George Osborne is seeking to block any move by the European Union to put hundreds of millions of pounds of UK taxpayers' money on the line as part of the latest effort to rescue the Greek economy from collapse.

Greek prime minister Alexis Tsipras is facing a battle to cling on to his government's majority.

German chancellor Angela Merkel has said all 19 eurozone members believe the bailout deal agreed today with Greece can work.

An MEP with the Syriza party in Greece has claimed the measures included in an agreement with Eurozone leaders are "not sustainable" and will provoke "more recession and more poverty".

EU president Donald Tusk said the eurozone summit has reached a unanimous agreement on the Greek bailout.

Angela Merkel said: “The most important currency has been lost: that is trust and reliability.”

With eurogroup finance ministers talking tough and still no deal sealed with Greece by yesterday evening, investors are being warned of choppy waters ahead for markets in the coming days.

Eurozone finance ministers remain locked in talks aimed at resolving a serious disagreement about a third Greek bailout.

A planned meeting of European Union leaders has been cancelled as crisis talks continue about Greece's place in the single currency zone.

An emergency meeting of eurozone finance ministers is well underway in Brussels this evening, as Greece seeks around €70bn from its international creditors in exchange for economic reforms.

Minister for Finance Michael Noonan says trust needs to be rebuilt with the Greek government if any deal on a third bailout is to be made.

Greece’s negotiators head to Brussels armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing politicians hanging over them.

The Greek parliament has backed government proposals for economic reforms in the hope of ending the country’s debt crisis.

Greece’s left-wing prime minister Alexis Tsipras will today seek backing for a harsh new austerity package from his party to keep his country in the euro.

Greece has requested a new three-year rescue programme from its European partners just hours ahead of a deadline to come up with a detailed economic reform plan.

Greece has submitted its request for a rescue deal from Europe’s bailout fund.

The Greek Prime Minister Alexis Tsipras says his country has been transformed into an "austerity laboratory".

The Greek prime minister Alexis Tsipras is to make a direct appeal to the European Parliament amid growing pessimism over chances of a deal to prevent the country’s financial meltdown.

The Department of Foreign Affairs has drawn up contingency plans to help out holidaymakers who could face a cashflow crisis in Greece.

Frustrated eurozone leaders have given Greek prime minister Alexis Tsipras a last-minute chance to come up with a viable proposal on how to save his country from financial ruin.

The President of the European Council says Sunday is the final deadline for resolving the Greek debt crisis.