Grexit no longer represents the potential catastrophe that it once did.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

Yanis Varoufakis divulged the details on how Greece could sneak out of the euro “without telling anyone”.

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.

People may not like bankers or capitalism, but they like being better-off and won’t vote to be poorer, says Victoria White

I saw two options, eurozone compromise or Greece would exit the euro. That Greece would capitulate as it has was never considered, says Megan McArdle            

The eurozone summit has reached a unanimous agreement on the Greek bailout; A Co Laois community is grief-stricken after three friends died in a horror crash over the weekend; Minister Alex White has defended the new national postcode system as accurate, despite a number of complaints. Just some of the latest and most read stories on irishexaminer.com

Today is ‘D-Day’ for Greece as the eurogroup wait to receive and evaluate proposals from the Tsipras government for a third bailout programme.

Greek prime minister Alexis Tsipras launched a desperate bid to win fresh aid from creditors at an emergency eurozone summit yesterday, before his country’s banks run out of money.

Angela Merkel can and should offer Greece a fresh start because it is the right thing to do and accords with Germany’s experience and history, writes Jeffrey Sachs.

CALLING the bluff of Greek’s European partners, and retorting with an immediate referendum demonstrated Napoleonic verve by prime minister Alexis Tsipras, writes Gerard Howlin. 

In the wake of the Greek referendum Kostas Karkagiannis, the foreign business editor of Kathimerini newspaper, looks at how Greece was treated by the eurozone and Tsipras

Greek prime minister Alexis Tsipras’s plan to hold a referendum tomorrow on creditors’ demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks, and left its future in the eurozone in doubt.

Yanis Varoufakis said Greece won’t “extend and pretend” that it can pay its debts, vowing to quit as finance minister if voters don’t support him in Sunday’s referendum.

The Greek prime minister has backed himself into a corner. With his people facing €60 cash withdrawal limits at banks, they may well choose to side with Europe in a vote, writes Hugo Dixon

“If you break it, you own it,” former US Secretary of State Colin Powell warned President George W Bush before his invasion of Iraq.

Stunned Greeks faced shuttered banks, long supermarkets lines, and overwhelming uncertainty as a breakdown in talks between Athens and its international creditors plunged the country deep into crisis.

Negotiations on the Greek plan broke down completely last night with pressure due to mount today as EU leaders gather in Brussels.

When construction of four €6.5bn toll roads across Greece resumed last year, Greek and foreign businesses rejoiced.

Greek prime minister Alexis Tsipras has called on his fractious Syriza party to rally behind the government as time runs critically short to unlock funding from international lenders and avert a debt default.

As the first of four scheduled repayments to the International Monetary Fund this month falls due, Economist Ray Kinsella suggests that Greece should leave the eurozone, as its punishing repayments and austerity programme demonstrate that democracy is long dead in Europe

Greece’s creditors yesterday drafted the broad lines of an agreement to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country runs out of money.

Greece and its Europeans creditors yesterday sought to play down fears that Athens would default on a payment to the IMF next week.

Greek prime minister Alexis Tsipras has reshuffled his team handling talks with European and IMF lenders, a move widely seen as an effort to relegate embattled finance minister Yanis Varoufakis to a less active role in negotiations.

Greece has said it will not renege on election pledges to end austerity measures as creditors pressed for a deal to free financing and avert a widening crisis.

Russian president Vladimir Putin and Greek PM Alexis Tsipras said they want to restore ties between their countries amid signs of a schism among some EU states on whether to maintain sanctions against Russia over the conflict in Ukraine.

Greece failed yesterday to secure a quick cash payment from the eurozone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform programme within days.

Here’s a run down of today’s business headlines.

The chasm between Greece and Germany has widened to an alarming degree as the government in Athens began reversing many of the austerity measures under its programme last night.

The Greek government promised to do “whatever we can” to secure a deal with its international creditors next week, cheering investors as experts from both sides began technical talks yesterday to lay the ground for an accord.

Greek Prime Minister Alexis Tsipras last night told politicians in Athens that the government is seeking a bridge agreement to provide government funding until June, when he hopes to have a more lasting arrangement with international creditors.

Greece’s new leftist government appealed to the Central Bank yesterday to keep its banks afloat and vowed to respect EU rules as it seeks a negotiated solution with eurozone partners to reduce its debt burden.

German Chancellor Angela Merkel is convinced Greek opposition leader Alexis Tsipras will do business with other euro-region governments if he wins next week’s election and scale back his demands that put him on a collision course with creditors, German government officials said.

Greek prime minister Antonis Samaras has announced plans for an early general election next month after parliament rejected his candidate for president, throwing the country’s international bailout into doubt.

Greek political leaders ignored a final plea from the president to form a coalition government to avert a repeat election, pushing the debt-stricken nation closer to bankruptcy and a possible exit from the eurozone.

Efforts to form a coalition have failed, Greece’s socialist leader and former finance minister said last night.

Greece’s wrangling politicians were locked in last-ditch efforts today to form a coalition government, with chances of a deal appearing slim.