Sunday, July 5
61.31% of Greek voters rejected the terms of a bailout proposition put forth to Greece by its EU creditors by voting ‘No’ in a fast-track referendum championed by Prime Minister Alexis Tsipras and the Radical Left Coalition (SYRIZA) government.
Monday, July 6
Yanis Varoufakis resigns as Greek finance minister after being “made aware of a certain preference by some Eurogroup participants and assorted ‘partners'” for his absence from meetings. Thus he resigns to improve relations with eurozone creditors.
Tuesday, July 7
Eurogroup meeting of EZ finance ministers in Brussels is held ahead of an emergency European Council of leaders. New Finance Minister Euclid Tsakalotos arrives empty-handed. The government is given until Thursday to come up with a plan.
Wednesday, July 8
A defiant Tsipras addresses the EP and says that Greece will submit a credible plan within 24 hours. Athens submits a request for new aid.
Thursday, July 9
Athens submits a bailout plan in Brussels just two hours before midnight. The bailout plan resembles the one that Greece rejected in a referendum. You’d think there would be a deal, right?
Friday, July 10
Greece’s Parliament authorizes the SYRIZA government to sign an agreement with creditors and avet an economic meltdown with 251 MPs in favor, 32 against and 8 present.
Saturday, July 11
EZ finance ministers meet at Eurogroup and feel they cannot trust the Greek government with a bailout worth more than 80 bln euros. Berlin suggests a temporary five-year Grexit.
Sunday, July 12
The EU cancels the EU28 summit on whether Greece should stay in the euro but 18 EZ leaders meet to push Athens to meet demands. Tsipras is well and truly in the lion’s den.
Monday, July 13
After a sleepless night of all-night talks Eurosummit comes to a unanimous agreement through a tough 7-page document that has reforms much harsher than those rejected by Greece on July 5, including 50bn euros worht of privatization to recapitalize banks, return to creditors.
Tuesday, July 14
With most of the nation stunned by the harsh terms of the agreement, Tsipras appears during a TV interview and says he agreed to the harsh terms and is endorsing an agreement he doesn’t even believe in because it was either that or disorderly bankruptcy for Greece. Meanwhile, another missed IMF payment for Greece.
Wednesday, July 15
Deputy finance minister Nadia Valavani resigns and says she does not believe that a final agreement will be achieved stating that the capitulation of the Greek government is crushing and calls the government a ‘willing puppet’. During Parliamentary discussion, Speaker of the House Zoe Konstantopoulou refers to the bailout as downright “blackmail.”
Thursday, July 16
At dawn, Greek lawmakers approved a third bailout agreement with EU creditors in the early morning hours by 229 votes in favor, 64 against and six voting present.
