The Greek parliament has approved the first civil service layoffs in more than a century. The debt-troubled country has to slim down its bloated public sector to receive another tranche of its international bailout.
Alexis Tsipras has urged his fellow Greeks to vote against a bailout package proposed by Athens' international creditors. Greece faces a Tuesday deadline to repay 1.6 billion euros to the IMF or will be in default.
As unemployment rises in Greece, many mortgage holders can’t keep up with payments. For many Greeks that means losing their jobs means also losing their homes.
The Greeks appreciate the referendum on how to proceed in the debt crisis. But it could end differently from what Prime Minister Alexis Tsipras is hoping for. Jannis Papadimitriou reports from Athens.
Time is running out for Greece to find a solution to its debt crisis. Some analysts believe a parallel currency could be a viable alternative. But what would that entail exactly - and is it realistic?