especially alexis tsipras.d, "we shall go forward with the faith of our people and our efforts and democracy and justice on her side." shortly after that, the greek finance minister also talked about what is going to becoming out next. he said "the location of greece at euro is nonnegotiable. europe will not be left in parallel currencies." i want to talk about reaction abroad to read joseph muscat, he is the prime minister -- a broad. joseph muscat, he is the prime -- he said that this is concerning, and we also heard bildt,rl told --- carl he said their choice is tragic. angie: ok, thank you so much. it is interesting that both suppress and the finance sipras and theth t finance minister saying that this is not an exit from the eurozone. we are going to hear more from alexis tsipras after this short break. ♪ frederic: whatever the situation at the end of the day, europe can handle this. the greek economy is totally different. so what is important to say is that greece is actually small, but it is true that th

is alexis tsipras caving? and giving the stresses and the capital controls in place perhaps knows a prize? guy: that is the obvious reasoning,. . it was rejected by the greek people on the fifth. alexis tsipras campaign for that rejection, and now he is putting a plan that looks remarkably similar to that. i think it is fair to say that he has caved. he has caved in key areas, as well. we are going to see major vat reform, and reform. key areas that alexis tsipras has campaigned on. looks like he is backtracking as part of the plan. in essence, it will not be spun this way, but it does look remarkably like he has given into the creditor's demands. anna: the no vote we saw over the weekend, when the greek population that notice something similar. there were crucial differences around the debt. how is alexis tsipras going to get through his own party? i was a party going to react? guy: what we understand right now, as of five minutes ago, there was a meeting called around the corner at the party headquarters to

brent: alexis tsipras has promised to submit reforms by tomorrow. and major technical problems stopped business. i will see you again at the top of the hour. ' minister alexis tsipras has requested emergency funding from the eurozone as tanks in his country remain closed good after meeting with eurozone leaders in brussels last night today he put his case to the european parliament. reporter: warm welcome for alexis tsipras from his allies in the european parliament. but the greek prime minister also greeted by jeers. in the wake of sunday's referendum tsipras is demanding any deal be a long-term solution .

alexis tsipras speaking

we heard from alexis tsipras was strong language.ter: the issue of debt forgiveness has come back into the spotlight after them statements made by alexis tsipras, but also by the international monetary fund. alexis tsipras says a no vote in sunday's referendum would give his government the stronger position in negotiations with international creditors. we are getting a clear picture of what he wants from those negotiations in terms of debt forgiveness. tsipras has called on creditors to except a 30% write-down of greek debt holdings. he was leading against a report issued by the international monetary fund on thursday. it claimed greece will need 50 billion euros of additional bailout money over the next three years. greece owes its creditors around 323 billion euros. that is around 175% of greece's roast domestic product. that is a heavy burden and promised her tsipras says that burden is -- and prime minister tsipras says that burden is unsustainable. germany is the biggest creditor in france is second, followed by italy. it is so

manus: pretty stern words from alexis tsipras.ive pictures from the greek parliament where the debate is going through. they will vote on the measures put in front of parliament. the imf is continuing to criticize the deal, saying it fails to offer enough debt relief. let's get more detail with david in athens. david, let me start with you. alexis tsipras'comments were fariirly passionate talking about this is deal being done likened to a knife at his neck. is that going to impact the vote today/ ? david: i think this was an opportunity to make the case to the greek people. he also used an opportunity to talk about a number of the points in the plan that he consented to. he talked about broadening the tax base, raising the sale tax something that he called the rational but something that has to be done. he talked about pension reform, raising the retirement age. he said that the something that greece should have done. it is not progressive for a country to have people retiring at the age of 50. parliament is meeting now in committ

the greek prime minister alexis tsipras is surging a no vote and he cast his vote. greeks are split on what is best for them. what is the vote about? it will decide whether greeks accept international proposals for more austerity in change for rescue loans. greece needs them for nonpayment. the european commission a troiba of cred tars -- troika of creditors and the european strang wants greece to raid slashes and slash welfare spending. the debt stands at 340 euro. the creditors were accused of fear-mongering describing it as a form of terrorism. thee warn greeks that a no vote could mean crashing out of the eurozone. here is what alexis tsipras said as he cast his vote earlier at a polling station. >> translation: the greek people send a message of dignity and decisiveness. they can ignore the will of the government. no one can ignore the will of the nation to win. to live with decisiveness takes it into their hands. >> the people win. the propagation of fear - i am sure form we'll open a road to all the nations of europe. >> the leader of the main opposition part

brent: alexis tsipras has promised to submit reforms by tomorrow. and major technical problems stopped business. i will see you again at the top of the hour. . >>> ♪ ♪ ♪ ♪ >>> taiwan's major me trop plis taipei, the mainstream street is packed with

bloomberg followed former prime minister alexis -- followed the prime minister alexis tsipras's college day. we are getting out of the euro, the euro zone, which is --pletely wrong, because they are all the time terrorizing the people. tsipras for alexis about 18 years. mine ateen a student of the civil engineering department. he was already a special student, very intelligent, smart student. blame are who are to these people from the european community, imf. i have been here all day as a representative of the no campaign. get at the no vote will least 54%, 55%. we will see. you, andnt to tell greece, we have -- 69%.about 40% [indiscernible] rishaad: the outspoken and sometimes controversial greek finance minister says that this underscores the general election back in january. varoufakis says they have not come close enough. grace said no to the lies that deficit could be overcome -- greece it said no to the lies that the deficit could be overcome with the blood, sweat, and tears of their children and grandchildren. we negotiated for four months in order that our logical position new c

what has alexis tsipras brought to the table tonight? max;: when the meeting started we heard from diplomats that the greek government and most of the members say members of the eurozone were very far apart. we don't know how much that changed because we don't have access to those meetings. one of the main things that the other eu leaders or the other euro leaders want to find out is how the referendum in greece has affected alexis tsipras's position, if at all. sarah: we have heard some chatter from the eurogroup had saying that greece could present some sort of interim funding proposal on wednesday. it would just be a temporary fix, wouldn't it? what has been the reaction? max: our understanding is that they will not make suggestions for a temporary fix a what kind of reforms they want to implement. structural reforms that is what is important for the other leaders. you are right. even if they have some sort of long-term plan, they will have to make sure that they find something interim to save the greek economy from going into complet

. >> alexis tsipras calls for a fair deal for greece as a final debt deadline looms. hello, this is al jazeera, live from doha. financial prices call in greece on the stock market >>> direct talks between afghanistan and the taliban >>> from beekeepers to doctors - how immigrants in australia are taking up jobs that can't be filled by locals. >>> european leaders say sunday is the final deadline for greece to secure a deal over its debt and save the economy from collapse. the european central bank said it has stretched its rules as far as they can, and will cut off greece as soon as it can. greece's prime minister told the parliament in strasburg that all they are asking for is a fair deal. >> we demand an agreement with our neighbours, but one which gives us a sign that they are exiting from the crisis, which will demonstrate to us that there is light at the end of the tunnel. an agreement that will bring about the credible and necessary reforms - that is clearly necessary, but we have to recognise that over the past 5.5 years, reforms have been put into place which

alexis tsipras is back in athens and back in the office. he needs to be. he has two days to push a very harsh bailout agreement through parliament. it can pave the way for the third rescue package in five years. eurozone leaders and german chancellor angela merkel says that the press must be under no illusions. there will be no new cash. >> one round of talks is over and then rest are getting underway. the 19 finance ministers are discussing immediate aid for greece as a stopgap measure until the bailout deal takes effect. there are a lot of loopholes to close and time is of the essence. >> we thought the beginning of the negotiations is automatic. it is absolutely conditional by the decision of the greek government and the greek parliament. the issue today will be bridge financing and i for see those negotiations being very difficult because i don't see many countries having a mandate to give money without recommendations. >> they're optimistic a breakthrough has been achieved that will force the greek government to take action. >> they have demonstrated

one of course, a new confidence for alexis siegrist knowing -- alexis the first knowing that he has theacking of the greek people. another factor could be that jan a smaller focus -- that v aroufakis resigned. it was a lot of tension between him and other finance ministers. this could perhaps pave the way for cooler air as the meetings take place tomorrow. and the pressure is on the leaders to save the eurozone and make sure that greece does not slip out of this common currency to bring people together and not pull them apart. we also heard words from one of the main architects of the european union calling on the european leaders to do something to save face. cyril: this just in from the dutch prime minister. greece must accept deep reforms if they want a new bailout packed church -- package. and if greece is not accept -- does not accept tough reforms it is over. this coming from the dutch prime minister. one of the first casualties of the greek referendum was the country's controvert -- controversial finance minister now being replaced. he is said to have a discrete personality, more

alexis tsipras calling for people to vote no. many expecting to get rid of the referendum given the fact he will accept the creditors demands similar to what was on the table last week anyhow but now his argument he believes by voting no he can have a stronger hand when it comes to negotiations. but still, there's no -- not any clear in terms of greeks here in terms of what they are voting for. many are taking it as are we voting to stay in the euro or out of it or for the drachma. let me give you a taste of what the newspapers are saying this morning. this one shows, terror machine, pushing to vote yes and it shows euro group christine lagarde and the members of the troikas. that is pushing to vote yes and another one that -- it is windy. bear with me here. another newspaper, this is the main newspaper, it says playing games with creditors and euros. that's how many people are seeing it here. it's been a roller coaster day. let's take a look back at how we got here. not budging. and still pushing for a no. the greek prime minist

you know who this man is, greek prime minister alexis tsipras, once again urging creeks to vote no and sunday's referendum even as he pushes a new compromise with creditors. we will have the latest life from athens. fiat chrysler outsells ford in the month of june, the first time it has ever happened in the united states. ephanie: the once my mtb? -- who wants my mtv? a midlife crisis for viacom. ♪ pimm: good afternoon. i'm pimm fox. stephanie: i'm stephanie ruhle, sitting in for betty liu. let's show you wre the markets are right now. presently, doubt, and nasdaq -- you if you look at where u.s. equities are going, sort of following the european equity market, whether or not wolfgang schaeuble is excited for believing what alexis tsipras has to say, there is some small tone, maybe we are approaching a little bit of progress. pimm: the u.s. economy got good manufacturing. stephanie: or maybe the perception. pimm: it's all about perception. of 3%.alling, a decline gold futures also lower. let's see if we can look at the bond market. a bit of a selloff in the 10 year and 30 year hyields.

after an all-night are getting session in russell's, alexis -- in brussels, alexis tsipras gave in.ied to put a good face on things. alexis tsipras: the deal was difficult, but we have prevented the pursuit of a transfer of public property abroad. we have prevented the plan of financial asphyxiation and the collapse of the financial system, a plan that was designed up to its last detail perfectly. vonnie: tsipras still needs the greek parliament to sign off on the deal. over the weekend, his own party rebelled when presented with new austerity measures. in vienna, negotiators on the verge -- are on the verge of wrapping up a new deal with iran's nuclear program. congress should have to approve any deal. mitch mcconnell says it would be a tough sell. in a sign that she is seeing growing support for bernie sanders, hillary clinton is urging higher wages for all americans. it is her first major policy speech since announcing her presidential candidacy in april. sanders is drawing enthusiastic crowds with his populist message as he challenges clinton for the democratic nomination. share

of greece alexis tsipras has -- the prime minister of greece alexis tsipras has agreed to a proposala cover mines but there are sanctions on -- compromise, but there are sanctions that could derail the deal. what peng shuai both said europe is in a new situation now that the bailout program has expired. a new report is raising questions about the link of the makers of drugs and those who prescribed them. drug and medical device companies paid out 6.5 alien dollars last year and -- billion dollars last year and much of it went to hospitals were teaching doctors. a multibillion-dollar pledge today from the saudi arabian giving away three $2 billion over the coming years to benefit both muslim and non-muslim countries according to bloomberg -- countries. prince allah will lead is the -- lwaleed is the world's third richest. mark barton. mark: the greek prime minister slightly derailing a close. he said greek should vote -- greece should vote no. he also said he had no intentions to lead greece out of the eurozone. a different sentiment after two days that said greece was prepared to pre

betty: alexis tsipras --mark: alexis tsipras agrees to tax increases.e deal to greek lawmakers who were elected to reject austerity? betty: did a less are nearing a deal to curb your's nuclear program but the foreign minister shakes his head no when asked if there will be an agreement today. users show their power. ellen pao resigns as the reddit interim ceo as readers complain. what is next for the website that bills itself as the front page of the internet. betty: good afternoon. mark: thank you for joining us. let's get a look at the markets at this moment. as

we heard from a defiant alexis tsipras, wasting no time claiming victory in the election. we have seen scenes of celebration, but doubt about were there lease greece's future in the -- leaves greece's future in the euro. >> yes, there's euphoria on the streets, in the syriza camp and alexis tsipras's immediate circle. i think that euphoria will wear off quickly, greece is in a dangerous position make no mistake about that. the banks are close to collapse. all the uncertainty of the last week or so damaged the economy further. tax collection has collapsed. there's an urgency for the government to reach an agreement with you were een partners. as -- european partners. as we know there's a lot of bad faith - lack of trust, i'm sorry - between the european government and this government. the finance minister is a charismatic man, a clever man, make no mistake about it. he's a divisive figure. yesterday he accused european partners of terrorism against the country. somehow, within 24 hours, he has to hammer out a difficult deal with him. there's enormous uncertainty. as i hear

today, we had the meeting with prime minister suppress -- alexis tsipras. and the leaders of six political parties. all of those politicians -- sarah: that is what is going on on the political front. meanwhile, [talking over each other] >> i want to speak. [foreign language] sarah: we will try to get back to you later in the show. we have more on the greek finance minister from the business desk later in the show. the country's landslide rejection of bailout terms as european leaders scrambling for a response. angela merkel headed straight to paris for urgent talks with french president francois hollande. they're trying to reach out. it does not change the insistence that the greek government deliver a binding explanation of what will happen next. >> the door is still open to discussion. it now it is necessary for prime minister alexis tsipras to make serious proposals. >> time is of the essence. it is urgent that such proposals are brought this week so we can resolve the current situation. both merkel and hollande are sticking to a firm principle that any

prime minister alexis tsipras is trying to keep greece inside the eurozone. plans announced to launch a currency pool and their own development bank. the bricks group say that efforts are needed to combat global instability. more about the stock market. the chinese stock market almost crashed. we can call it a major correction. >> you can call it that. we have seen dramatic developments over the last few days. first, the shanghai stock exchange rallied. it has lost around one third of its value since june. they worry about the health of the chinese economy overall and there are fears that cyst amick problems in the market are behind that route. is the chinese bubble bursting? here's more. >> all investors can do is watch. those holding more than 5% of the company's toxic shares are stuck with them for the next six months. despite assurances, beijing directly intervened in an attempt to stop its fall. investors hardly have any more leeway. around half of companies have halted shares altogether. and that is frustrating small investors that abet their savings on

prime minister alexis tsipras is trying to keep greece inside the eurozone. plans announced to launch a currency pool and their own development bank. the bricks group say that efforts are needed to combat global instability. more about the stock market. the chinese stock market almost crashed. we can call it a major correction. >> you can call it that. we have seen dramatic developments over the last few days. first, the shanghai stock exchange rallied. it has lost around one third of its value since june. they worry about the health of the chinese economy overall and there are fears that cyst amick problems in the market are behind that route. is the chinese bubble bursting? here's more. >> all investors can do is watch. those holding more than 5% of the company's toxic shares are stuck with them for the next six months. despite assurances, beijing directly intervened in an attempt to stop its fall. investors hardly have any more leeway. around half of companies have halted shares altogether. and that is frustrating small investors that abet their savings on

angie: alexis tsipras has said he will not resign as head of syriza. does he faced threats within his party? guest: there will certainly be turmoil within syriza. syriza willle that dissolve to some degree. i would expect that alexis tsipras will remain prime minister with support from other parties in a new coalition. it is possible you will get a consensus coalition with new a governmentning with alexis tsipras as prime minister. angie: what is the next step here? ecb, everybody looking at the bridge financing loan that could flow through. political complications do not actually start with greece. guest: they start with greece because for the bailout package to be approved by the eurozone, six of the other member states need to get parliamentary support, including germany, ofland, who have been two the most difficult negotiators for greece to deal with in the past weeks. we can expect there will be majority support in europe for the bailout, but it is not something we can take for granted. we will have to wait and see what happens in the parliamentar

alexis tsipras and is party. omar carney is set to be grilled by mp's of the economic outlook. -- mark carney is set to be grilled by mp's on the economic outlook. manus bank you are -- it manus: and you are welcome to "the pulse." i am manus cranny. a deal on iran's nuclear program is done. i wrote middle east editor elliott gotkine is standing by. 18 days, 100 pages. what is your feeling? elliott: let's not forget as they have been negotiating in other places as well such as switzerland for almost two years and a standoff on nuclear programs for a dozen years. a major breakthrough. a deal has been done. we are expecting an announcement in to our's -- two hour's time and we will get more details about what is in it. it will have wide ranging ramifications diplomatically economically especially for iran . and also regionally here in the middle east where there will be unhappy faces to say the least at the prospect of an agreement with iran over its nuclear program. manus: a myriad of global voices coming through

citrus -- alexis tsipras will turn us into north korea. >> alexis tsipras is the man who will take us forward. he is doing the right thing for people. >> the government has been sending conflicting signals. they encourage people to vote no. but with hours to go before default, the government made another offer and is now involved in yet another round of last second negotiations. the finance minister's upbeat as he headed to work tuesday afternoon. reporters asked if a deal could still happen. thanks of been closed since the beginning of the week. the government will relax capital controls to allow pensioners to make one-time withdrawals of 120 euros. much uncertainty remains. with the new proposal on the table, the ball is back in europe's court. alexis matthew joins us on the line. these are very difficult and confusing times. what is the mood like their? matthew: thousands demonstrated tonight. yesterday night, thousands again were demonstrated with the no vote. it was opposed by creditors and they think that enough is enough. a greece must secure its position. on the other hand, th

the former belgian prime minister slammed alexis tsipras last month in parliament. you can hear some of the anger. >> it is not you and it is not we that should pay the bills. brendan: i am brendan greeley. pimm: i am pimm fox. let's look at what is happening in markets right now. we have an energy deal to begin with. >> first off, i want to talk about oil generally. it is at its lowest price since april 9. it is trading at about $52.22. this is down about 1%. earlier in the day, it was lower, hitting about the $51 mark. powers may come to an agreement on tehran's nuclear program, which could mean that iranian oil could come back on the market. chesapeake energy right now is down by 2%. this is due in part to a barclays note that said the company is not for buying. analysts on driscoll said production stocks are trading at 30% premiums, supporting historical multiples, but would not use weakness as a buying opportunity. take a look at my bloomberg terminal. this is short interest as a percentage of float in chesapeake. you can see the line. it is at a record high of

alexis tsipras calls on a no vote in sunday's referendum.his is athens prepares for rival bailout rallies. france rejects an asylum request from julian assange, the wikileaks founder currently in an embassy in london for the past three years. it is time now for a business update. i'm joined in the studio by william hilderbrandt. we going to start off with greece. william: on sunday, the country will vote over the terms of the bailout. the historic referendum is between the country and its creditors. let's take a listen. >> historic negotiations are underway. if the greeks will vote no, they had done everything but strengthen the greek position. they will be dramatically weakened bionovo. -- by a no vote. >> it is a question that needs to be read carefully just to understand the meeting -- the meaning. at the eurogroup of the 25/six/15, and is made up of two parts which constitute their unified proposal. put more simply, greece bus creditors may proposal -- made proposals last week. the business figures have called for a yes, alexis tsipras'

alexis tsipras needs to persuade creditors to throw his country lifeline so it can stay in the euro. greek officials say he spoke with president obama by phone today and briefed him on the latest proposal. the economic commissioner says that is exactly what everyone is waiting for. the commissioner is available if greece a program asks for it. it's up to the greek prime to give good proposals to say where he wants to go. mark: greek banks are bleeding cash. they had been closed for seven business days. scarlet: in the middle east, negotiations over iran's nuclear program have been extended again. the state department says current interim nuclear arrangement extended through july 10. er global powers want to stop the country from building nuclear weapons. mark: the trust and church shooting suspect is facing new charges. he is charged with three counts of intent and murder. -- the charleston shooting suspect is facing new charges. among the victims was the church's pastor. scarlet: the state senate in south carolina has given final approval to a bill to remove the confederate flag fro

alexis tsipras can't breathe easily yet.must go from worrying about whether greece will go bankrupt to worrying about the fractures this his own party. dozens of alexis tsipras m.p.s voted against it underscoring how difficult economically and politically the road ahead will be. [ chants ] >> reporter: earlier in the evening as demonstrations in athens began, a sense of exhaustion was apparent, with thinner crowds and quieter chants than expected. >> marching behind me is the communist block. they are calling for revolt. they want out of the eurozone, out of europe and out of n.a.t.o. they are converging around the square, and although there are riot police, they want the situation to remain calm. so far it's been more volatile inside parliament than it has been outside parliament. as the sun went down the anger built up. inside parliamentarians hurled insults, while outside protesters hurled molotov cocktails. crowds dispersed as fast as the tear gas fired at them. protesters departed by the time m.p.s voted. now the questi

alexis tsipras is faced with a new deadline of wednesday.o drops, but showing some resilience, trading 1.11 against the dollar. anna: 400 companies resume trading while the june exports beat estimates. and a nuclear accord on a ran could be announced -- on iran could be announced as soon as wednesday. >> welcome to "countdown." i am ryan chilcote in athens. anna: and i'm anna edwards in london. we have been on there for the last hour and we haven't seen that much move. it could be something of a relief for nervous investors. let's get straight to what's happening on the foreign exchange markets. i have a one-month chart to give you perspective -- we are still above 1.11. the euro is currently trading above levels we saw on the 29th of june when the greeks missed the payment. in the euro-yen, which typically does express some level of risk aversion when we see these diplomatic standoffs, we aren't even seeing much of a slip. we haven't lost all of those gains made on friday. we seem to be in limbo right now. we are waiting to see if the greek

what is next for alexis tsipras?oes it power take a hit, 38 members of his party voted no. >> in terms of his parliamentary power, the is dangerous. i would have to say that alexis tsipras is a domino figure in greek politics. generally speaking, he has the power. and he is able to do whatever he believes is best for him and the country. he is the only popular leader the only leader now according to our polls who has more positive views the negative views -- in terms of what people think. caroline: as the most popular leader, the man wielding the power, will he form a new government entirely? bring in the opposition? >> currently, he can be a prime minister and have a minority government. he has the acceptance of other political parties, the opposition parties. who voted for him yesterday. however, it is not ready for greece to have a minority government. by asking other political parties to join his government. caroline: you think that is the option? >> that is the more likely option, instead of trying to go to an e

does alexis tsipras have the support among lawmakers to pass this? >> it is definitely not in easy task because the internal opposition in the governing party probably want support. the agreement with brussels. and the same time, the coalition partner and the right populist party has also expressed small reservations. it tomorrow is an important day at 8:00 in the morning. there is a crisis meeting with the parliamentary group. it will definitely be an open if not a hitting discussion. the parties will back the agreement. >> we have to remember that just a week ago the public said strongly no to a bailout deal that had easier terms than this one. how has the public been voicing those concerns today? >> it depends on who you're talking to. he society is still divided on that issue. many people feel relief about the reason there is agreement, a compromise in front of the greek parliament protesting against tax hikes and public sector. sarah: thank you very much for that update. many elements will be a tough built a smaller. >> civil service have called

vote shows that the majority of greeks have votes decisively with the government and prime minister alexis tsipras rejecting the terms of the bailout deal on offer by europe. let's listen in to some supporters of no campaign in athens reacting to the preliminary results. >> translator: it's a great joy for the no campaign to win. we want no to prevail. it's not only hope for greece. whether there's 10,000 suicides and 3 million are below the poverty line, how can we expect just to win? >> translator: i want no to win in the end, but i hope there are no scuffles after the result so we can continue from that point on wards and have a clear view where the greek people want to go. >>> taking you straight to greece now where the finance minister is speaking live in the greek capital. let's listen in. >> translator: so they had it was an ultimatum returned to those senltmentes. they know that the greek people gave it to us and we know that the greek people said despite the fear of closed banks and the mass media chromed by the with this. we will ask or partners to work with us. we will ask them

alexis tsipras says he is being blackmailed by europe. he says eu imposed austerity is destroying the greek economy and threatens the country's democracy. will they choose austerity? coming to you from berlin, quadriga the international debate. melinda: hello and welcome. debt drama. who is good and who is bad? she is the berlin correspondent for the newspaper. she says so many on all sides in the name of democracy and solidarity. she is one of germany's best-known economic journalists for many of the leading business publications. she says europe was built on compromise and race could put an end to that era. and we have the german british author and commentator. the ever closer union is dead and germany is to blame. it is time to rethink europe. it opened with the question, will the greek people choose austerity or alexis tsipras? what will happen? >> i'm not sure that's the question. public opinion is torn at the moment. i wouldn't make any predictions at this moment, but it is definitely a very strong debate going on in greece. my only

it's a triumph for the greek prime minister alexis tsipras, who campaigned for the no vote. he says he'll work to find common ground with greece's international partners. how the lenders will respond is unclear, the coming days will be crucial. a eurozone summit on greece is set to take place on tuesday. the e.c.b. is also set to meet. greek banks can't open on tuesday as scheduled, because they won't have access to the emergency lending. jonah hull has more. athey cheered the result. >> reporter: outside parliament they cheered the result. greece said no to international creditors in a sensational act of defiance. >> we are greek, we feel proud. >> it's making us feel hopeful. we've been very scared for the past week. >> reporter: even as they celebrated the result all will wonder are what happens next. >> translation: considering last week's difficult circumstance you made a brave choice. however, i'm aware the mandate here is not a mandate to break with europe but a mandate to strengthen our position to seek a viable solution. >> reporter: the prime minister got the resul

discuss the next steps information a final bid to stave off financial collapse, finance minister alexis tsipras has submitted. here is our report. >> greekles examined the government's new proposals on friday night. prime minister alexis tsipras submitted them thursday night hoping to secure a third bailout from creditors and avoid a catastrophic exit from the eurozone. the list of measures includes raising v.a.t. from 13% to 23% except for basic products, electricity and hotels. corporate taxes rows to 28%. retirement age will be raised to 67. early retirement will be discouraged. islands will no longer get their 30% tax breaks. the government is also planning to cut the defense budget by 300 million euros by the end of next year. the plan also includes a series of privatizations. they were examining the offer on friday. >> this is a great battle, long and painful. i think it will end with the steps that we are taking. >> the latest plan indicates alexis tsipras has caved on certain creditor demands. however, it remains upclear if his latest moves are enough to convince his skeptics he

alexis taylor, you were telling us about what the city is doing as part of its own initiatives going ward to ward conducting training. tell us a little more about how that is working. >> there is nothing more important than having that face to face interaction with individuals that would be confronted with a disaster or just everyday life. so we're going to different wellness centers as well as reblg recreation centers to do emergency training how to contact individuals if the telecommunications systems have gone down. but just sometimes very simple things. making certain that they have lists of their medications and who to contact, their family members or a physician at the time of an emergency. so i think that many of the seniors as well as persons with disabilities certainly feel a little more secure if something should happen so that's what we're trying to do. give someone a sense of confidence that people will be ready just in case a small scale emergency occurs or something even bigger. >> dana, you have worked for the center for workforce development. tell us what some of the

demands that alexis tsipras has previously rejected.fficials in brussels saying that the demands were " very bad for the prime minister and very bad for the great people." nintendo president satoru iwata has died at the age of the five. he led the company since 2002 and helped oversee a tripling of revenue or the game boy advance and the original wii. in march, he ended his longtime against allowing his game characters to appear on mobile devices. iran and powers are close to a nuclear deal that could be announced as soon as monday. there have been a record 16 straight days of talks in vienna. involves -- an agreement has been reached on a key sticking point, the lifting of the u.n. arms embargo. let's look at the open in hong kong and china. it like we are going in opposite --ections rex coming off opposite directions. >> we have the shanghai composite off. more of the market is now open. the number of shares has dropped to 150 from more than 400. margin borrowing is up for the first time. that should help a little more movement coming

alexis tsipras immediate challenges looks achievable. getting the laws through parliament he'll manage with the opposition. with his own party he has a big problem. leftist actions are within pope revolt. the fact that he has mated a u-turn will damage credibility. >> outside parliament the line is repeated - this is the least bad option. >> what is important is for the country to give an answer to the coup. >> reporter: economically things have never been worse. businesses close every day. this brother and sister running their business are clinging on. customer confidence has disappeared. >> they are afraid they'll spend time to purchase a new day or starting a business to take furniture there. >> how much have you sold in the last month? >> nothing. wednesday's laws will pass and the detailed negotiations for the third bailout will certainly proceed. but the government here is creaking upped the vain. alexis tsipras urged a separatist nation to get behind the deal but maintaining that support through the pain of implementation will be

how is alexis tsipras going to get the deal through parliament? nathalie: it is pretty simple in the sense that the opposition party leaders are well aware that the alternative is grexit. it became clear during the 17 hours during the summit yesterday. so that is what we have. the leader of the main opposition parties said greece took responsibility and we will try to help greece keep its footing within europe, which means they are going to back this deal. of course, many questions remain. yes, see rita -- syriza and tsipras will be a look to pass this to parliament, but questions remain as to what happens within syriza itself. genie: what kind of effect might this have on the greek prime minister long-term? will there be political fallout for him? nathalie: indeed. tsipras has the leading party of this coalition government, and there is lots of dissent within the party. speaking to a senior official longing -- not long ago, he says there was disrupting in the party because of the bailout and it is unlikely that the administration can last for ver

yes, you may. >> alexis tsipras did not hold back on tv. he accused fellow european governments in behaving in an undemocratic way. he says a referendum will go ahead and he will campaign against the bailout package. >> the referendum is not about if the country will remain in the eurozone or not. that is a given. no one can doubt that. on sunday, we choose whether to accept the specific agreements or seek a more viable solution with the public's approval. >> earlier, athens spoken in far more conciliatory tones. they said it was ready to accept proposal with some conditions. all of this uncertainty is hurting one of greece's biggest industries. tourism. many are choosing to stay a wave and though people with bank cards have not been affected by limits. >> there are people n the streets. we hear that reservations are being canceled. >> the uncertainty continues. the both yes and have tried to convince undecided voters. if greeks vote yes, it could lead to a change in government. if they vote no, fresh cash for athens looks to be out of the

yes, you may. >> alexis tsipras did not hold back on tv. he accused fellow european governments in behaving in an undemocratic way. he says a referendum will go ahead and he will campaign against the bailout package. >> the referendum is not about if the country will remain in the eurozone or not. that is a given. no one can doubt that. on sunday, we choose whether to accept the specific agreements or seek a more viable solution with the public's approval. >> earlier, athens spoken in far more conciliatory tones. they said it was ready to accept proposal with some conditions. all of this uncertainty is hurting one of greece's biggest industries. tourism. many are choosing to stay a wave and though people with bank cards have not been affected by limits. >> there are people n the streets. we hear that reservations are being canceled. >> the uncertainty continues. the both yes and have tried to convince undecided voters. if greeks vote yes, it could lead to a change in government. if they vote no, fresh cash for athens looks to be out of the

in an ig passioned address to parliament, alexis tsipras outlined the pain that his county endured. he acknowledged some errors by his government, but said other governments had a responsibility to bear equally, and outlined the sorts of proposals his country will make to try to get one last bailout from the european union and it was, in effect, an urgent call for help. >> translation: we demand an agreement with our neighbours, but one that gives a sign that we are on a long-lasting basis exiting the crisis, that demonstrates there is light at the end of the tunnel, an agreement bringing about incredible reforms. . >> the problem alexis tsipras faces is the eurozone leaders, the president of the european council and yoourp een commission have put a time limit on the negotiations. mr donald tusca said proposals need to be put forward by thursday and there must be a deal on sunday. overriding this is the greek economy owe considerable sums of money to creditors. the i.m.f. payment was meant to be made on june 30th they are in arrears to the tune of 1.6 billion, and must make a paymen

the germans had their red lines we were just hearing from alexis tsipras as well. it was really the arguing over those final keys issues which is what dragged it on for the last remaining hours. but we are now getting more clarity about who gave concessions on what. didn't get up on that red line, there is that possibility of debt restructuring maybe by extending the maturity terms of the loaned but there will be no question of writing off forgiving any of the money that's owed. obviously alexis tsipras as well had to present it in the mound posethe mostpositive life. many suggested it's been a thoroughly humiliating and unedifying experience. pan swayfrancois hollande warning they should not be imposing the versailles treaty on the greeks the reference to the treaty at the end of the first world war which many people think were responsible for humiliating the germans and laying the groundwork for the second world war, some very, very strong historical comparisons being made here, but the important concessions, the important gestures that the greeks did secure, was

based on an ft report that alexis tsipras will accept all bail out conditions for creditors on the tables weekend with only a handful of minor changes. this is according to a letter the great minister said late tuesday night and obtained by the "financial times." this is moving markets right now. we are watching it for you on "fbn:am" on the fox business network. keep it right there because they've got lots more in greece on this breaking news. stay right there. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. sandra: as you cut off a global market action. stocks are getting in and have continued to gain in the last few minutes after you now see that greece and its prime minister alexis tsipras said they are ready to accept most conditions from its international creditors in order to reach a deal over its debt crisis. this is all reported by the "financial times" this morning reporting great trade minister alexis tsipras is prepa

alexis tsipras and his finance minister urge a no vote. what's the vote actually about? now, it will be decide whether or not greeks accept international creditors tough proposals for more austerity measures in exchange for much needed rescue loans to pay off its huge debt and avoid a banking collapse. >> the european commission, the creditors along with the international mop tear fund wants taxes raised and spending slashed to meet debt obligation. that debt stands at 340 billion euros. the creditors were accused of fear mongering. it was described as a form of terrorism. e.u. leaders warned greeks that a no vote could mean crashing out of the euro zone altogether. voters are divided. let's hear from our correspondent, jonah hall up athens. >> from the country that gave the world democracy comes a referendum that may mean the world to greece. >> we cannot to continue with these rules. >> i don't agree, i want to be in europe. >> ok, ok. >> it is a simple yes or no that has set greeks apart between those who fear losing what they've got and those who feel they have nothi

today, we had the meeting with prime minister suppress -- alexis tsipras. and the leaders of six political parties. all of those politicians -- sarah: that is what is going on on the political front. meanwhile, [talking over each other] >> i want to speak. [foreign language] sarah: we will try to get back to you later in the show. we have more on the greek finance minister from the business desk later in the show. the country's landslide rejection of bailout terms as european leaders scrambling for a response. angela merkel headed straight to paris for urgent talks with french president francois hollande. they're trying to reach out. it does not change the insistence that the greek government deliver a binding explanation of what will happen next. >> the door is still open to discussion. it now it is necessary for prime minister alexis tsipras to make serious proposals. >> time is of the essence. it is urgent that such proposals are brought this week so we can resolve the current situation. both merkel and hollande are sticking to a firm principle that any

alexis tsipras is stunningly popular.lled a referendum, said vote no, was on television last night. syriza back tim. -- backed him. he is hard to defeat. >> he has to deliver the results of his promises. the moment he is not in a decision to do that he will face that clash. guy: he says this is being created by outside forces. >> for five months, they are negotiating on the basis of no plan. there was no plan from the beginning from this government. they are responsible for the situation. five months without political activity, without any development on a real plan which would combine fiscal measures and growth. so this is a major issue. if it continues like this, the reaction will be absolutely negative. guy: thank you very much. the president of the american chamber in commerce in greece. back to you. anna: guy johnson in athens. stephen gallo, head of fx at bmo. we understand the governing council is going to meet. what do you think they are going to do with emergency liquidity assistance? >> i think they wait to see

but can they do business with alexis tsipras. negotiations have got no where.here is no trust between him and the creditors no faith in europe that the government can implement the kinds of reforms they are demanding. all of this is taking place in the context of great urgency. banks have not been open in this country for a week now. are they really going to open on tuesday? on the back of a no vote a vote which we had been warned would be some form of financial catastrophe? so many questions. i am going to try to bring in my guest at this point, professor serafin of harvard business school from grease originally. let me ask you about the banks first. if we have had a no vote can you see some form of normality returning straight totaway, or do you fear more insecurity in the coming week? >> i think it will be practically impossible for the banks to reopen and have controls this week. everything tomorrow from the decision of the european central bank. if it doesn't extend more liquidity, there is no way it will reopen this week. actually, what you will find is t

i think that this is enough for alexis tsipras. it's easier for him now to pass it through the greek parliament. >> reporter: so there is a glimmer of hope? you see a potential deal? >> in alexis tsipras told the truth to the greek people when he promised that the no vote doesn't mean an exit it only means we're going to negotiate hard. however, trying our best to remain in the euro zone then there is a hope for a better proposal and for a better compromise for the greek people. >> reporter: one legacy of this extraordinary referendum campaign organized at the last minute around proposals that no longer existed is deeper divisions within greek society, which could be dangerous in the months ahead. >> yes there is not balanced because with just however there is a schism. it will take a while for this wound to be healed and i hope that the greek prime minister today will try to be as con sill to her as possible. i really hope that he is going to build his negotiating strategy on an internal consensus. so i'm waiting for his statement