Another interview for Tsipras...published at 20:37
Some good news from Greece at last - the PM is being interviewed by a journalist! Can't help but think it would be more fun if, say, a pensioner or a bus driver were asking the questions.
Summary
BP in $18.7bn Deepwater Horizon settlement
Greece 'needs another €50bn', warns IMF
Yanis Varoufakis to resign if Greeks vote yes
US economy adds 223,000 jobs in June
Another interview for Tsipras...published at 20:37
More from Obamapublished at 20:29 British Summer Time 2 July 2015
Riot police deployedpublished at 19:23 British Summer Time 2 July 2015
More from Joe Miller:
Tsipras (again)published at 19:21 British Summer Time 2 July 2015
Tsipras keeps tweetingpublished at 19:19 British Summer Time 2 July 2015
Ready to rumblepublished at 19:18 British Summer Time 2 July 2015
The BBC's Joe Miller in Athens tweets:
More Tsipraspublished at 19:06 British Summer Time 2 July 2015
No doesn't mean no: Tsipraspublished at 18:56 British Summer Time 2 July 2015
The Greek PM tweets:
Protests subside in Athenspublished at 18:23
The BBC's Joe Miller, external reports from the Greek capital:
Greece's banks have now been closed for four days, and Athenians have settled into a crisis routine. At the stroke of midnight, queues form outside cash machines, as locals scramble to obtain their daily €60 ration. Neighbours confer over which machines are still dispensing €20 bills; those with other denominations can only payout €50 per day.
But despite the posters that adorn every tree and lamppost calling for "everyone to take to the streets", the large protests of the past few days have largely died down. In the radical left Exarcheia neighbourhood, exhausted young anarchists lounge outside bars and cafes, and let the banners hanging across the central square speak for them.
"No to EU and IMF terrorism," reads one. "€ + Germany = oppression," reads another. Now that any deal before the referendum has been ruled out by European leaders, both sides are hoping this interminable argument is finally settled by the ballot box.
IMF reportpublished at 17:39 British Summer Time 2 July 2015
Robert Peston
Economics editorAn exceedingly good trippublished at 17:15 British Summer Time 2 July 2015
Spare a thought for my poor colleague Victoria Fritz, who is en route to a cake factory:
'Draconian' debt reliefpublished at 17:08 British Summer Time 2 July 2015
Alessandro Leipold, former IMF deputy director and now chief economist at the Lisbon Council, a Brussels-based think tank, tweets:
IMF on Greecepublished at 16:26 British Summer Time 2 July 2015
The FT's Peter Spiegel tweets:
Greece 'needs another €50bn': IMFpublished at 16:16
BreakingThe International Monetary Fund says Greece needs at least €50bn in additional funding, including €36bn from the EU, to stabilise its finances. The Fund also cut Greece's economic growth prospects for this year to zero, down from 2.5%, in estimates made before this week's banking shutdown and capital controls.
Flip-flopping?published at 16:10
Did Alexis Tsipras change course on Wednesday? Here's some thoughts from the BBC's Chris Morris .
Quote MessageWhether you agree or disagree with Mr Tsipras, there is 'method in his madness'. (Disclaimer - I'm not calling him mad). Greece's first prime minister from the radical left may well be backing himself into a corner from which - in one way or another - there is no escape. But if that happens, it looks like he will go down fighting."
BP tweetspublished at 15:57 British Summer Time 2 July 2015
BP has taken to Twitter to give its side of the story:
No time for the ATMpublished at 15:43
So, back to Greece for a moment. Finance minister Yanis Varoufakis was interviewed on Bloomberg TV, external earlier today.
Presenter Guy Johnson asks: You arrive here every day on your motorbike. You put your helmet downstairs. At what point in the day do you go the ATM and take out your €60 per day?
Varoufakis: Do you know, I haven't done it. My wife and I must be the only Greeks who haven't done it.
Johnson: Why not?
Varoufakis Well first of all I don't have much time, and secondly, and I feel it would be inappropriate for me to queue up at the ATM... Let's just say my wife and I are living a very frugal life at the moment, simply because we're just too inundated going from one political meeting to another.
Image source, Bloomberg TVBP settlementpublished at 14:36
Quote MessageThe Deepwater trial team has fought aggressively in federal court ... proving along the way that BP’s gross negligence resulted in the Deepwater disaster. If approved by the court, this settlement would be the largest settlement with a single entity in American history."
Loretta Lynch, US Attorney-General
Image source, Getty ImagesWhisky in Africapublished at 11:34 British Summer Time 2 July 2015
BBC Scotland business and economy editor Douglas Fraser tweets:
Europe warns over Greek loanspublished at 09:31
It seems that Greece's creditors are applying pressure ahead of Sunday's referendum. The Eurogroup (comprising european finance ministers, the ECB and European Commission) has warned that it could demand that Greece pays back its loans more quickly. See tweets below: