Greek Prime Minister Alexis Tsipras had a final chance to present credible reform proposals to an emergency euro zone summit on Tuesday to persuade skeptical creditors to reopen aid talks before his country's banks run out of money.
Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.
The European Union bluntly warned Greek Prime Minister Alexis Tsipras on Thursday that time was up and he should stop playing with his cash-strapped country's future and instead take crucial decisions to avoid a devastating default.
The euro tumbled on Tuesday and the region's stocks and bonds jumped after the European Central Bank signaled it would speed up its 1 trillion euro bond-buying program for the next two months ahead of an expected summer lull.
OPEC is feeling the pain of lower prices and Saudi Arabia has already reduced production yet it seems that with demand faltering and the dollar rising prices look to continue lower. ... the fear is that if the cartel does cut it may only succeed in losing market share.