“Historical precedent suggests this would be hugely challenging,“ said Richard Portes, a professor of economics at London Business School.

Nifty index is expected to open lower as Greeks rejected conditions of a rescue package from creditors on Sunday.

Greek referendum, first quarter earnings of TCS and progress of monsoon would guide market, which is expected to remain remain range-bound.

With the stakes so high for Greece in Sunday's knife-edge referendum, some Greeks living abroad have flown home to cast their votes.

Two days ahead of the vote, Moscovici campaigned for a 'yes' of the Greeks to the international creditors' rescue programme.

Greek banks are currently closed and the government has implemented capital controls limiting the amount of money people can take out of AT...

No new Eurogroup meeting on Greece is planned before a Sunday referendum in which Greeks vote whether to accept or reject a bailout deal of...

In Tsipras' eyes it is a crisis of democracy and sovereignty, of whether the wishes of a nation state outweigh the aims of the supra-nation...

Greek PM Alexis Tsipras told the citizens of Greece in an address that Greek bank deposits, as well as wages and pensions, remained totally...

Greek prime minister Alexis Tsipras is giving an interview on the referendum that Greece will have this coming weekend.

Daniele Antonucci at Morgan Stanley wrote that there really aren't any good outcomes from the Greek referendum scheduled for next Sunday.

The IMF, EU and Greece are unable to reach a solution to the crisis faced by the Greek economy. Stock markets do not know which way to turn.

Most global brokerages expect that the referendum will take place as scheduled, though there is a possibility it will not.

"This capital control has been talked about in the markets for some time given that the Greeks banks really do not have any money to go on."

Tsipras’ decision means everyone from fishermen to taxi-drivers and factory workers will have to form an opinion on the package, with their...

The Greek people should remain calm as banks will not close their doors, the leader of the government's junior coalition party said.

Officials say the referendum idea has now been scrapped, after the opposition indicated they backed the new bailout deal to cut Greece's de...