Greece's finance minister, Yanis Varoufakis has announced his resignation after Greek voters decisively rejected a tough new bailout deal.
In a blog post he wrote: Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement."
He continues: "For this reason I am leaving the Ministry of Finance today."
The No campaign won with a higher than expected 61.31 percent majority. "We proved even in the most difficult circumstances that democracy won't be blackmailed," Mr Tsipras said in a TV message to the nation.
German Chancellor Angela Merkel and French President Francois Hollande have agreed that "the vote of the Greek people must be respected," according to a spokesman.
Mrs Merkel will jet to Paris this afternoon to mull over a strategy to avoid a so-called Grexit.
The ECB will decide if it will continue to offer emergency liquidity funding to the country.
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China has moved to verge of a stock market crash - reports suggest that the country's IPO market was closed amid a stock market rout to avoid a full economic collapse.
28 companies put their IPOs on-hold, China's central bank is also set to provide new emergency liquidity funding.
Since June 12th, China’s Shanghai Composite and Shenzhen index are down 29 and 33 percent.
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German factory orders fell by 0.2 percent in June, when compared to the previous month, analysts had expected that orders could contract by as much as 0.4 percent.
This is down from 2.2 percent expansion in May, German manufacturing has benefited from cheaper euro values since the ECB rolled out its quantitative easing programme, year-on-year orders are up by 4.7 percent.
These figures offer another indicator that uncertainty surrounding the evolving situation in Greece.
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Irish TV, the company established in a Westport kitchen last year by husband and wife team, Pierce O’ Reilly and Mairead ni Mhaolchiarain, is in advanced discussions with cable operator Comcast and online producer and distributor Netflix to produce and broadcast programming across the United States.
According to Irish TV, the discussions with Netflix centre on production of a range of programming, some of which will be produced in the US, including documentaries, music shows and drama. The company has appointed former ESPN executive, Eamonn Donlon to head up a sales and production team in US
Irish TV produces community-based content in every county in Ireland and in some UK cities. It currently broadcasts up to four hours per day and is viewed by up to 700,000 people per week both online and on four broadcast channels
Its sole equity investor, Mayo-born millionaire John Griffin has invested €18m in the company to date for a 49 percent shareholding
