That may be all for this evening; a chance to let the Guardian servers recuperate (sorry about the silence earlier, luckily we didn’t miss much).

I’ll be back if anything major happens. In the meantime, enjoy Ian Traynor’s latest piece on the crisis, on a day where relations between the two sides hit new depths...

A new survey released tonight shows a small majority for the Yes side ahead of Sunday’s referendum, but with a chunk of undecided voters to fight over.

Another night, another protest march - this time in the city of Thessaloniki, by Greeks who will vote “no” on Sunday:

Jeroen Dijsselbloem has now replied to Alexis Tsipras, to confirm that no talks can take place until after Sunday’s vote (as he said earlier).

Dijsselbloem also states that the result of that referendum will also be crucial in determining if talks can take place at all...

In view of your letter, we would like to recall that on February 20 the Greek authorities agreed to reiterate their unequivocal commitment to honour their financial obligations to all their creditors fully and timely.

Secondly, we will come back to your request for financial stability support from the ESM only after and on the basis of the outcome of the referendum.

Some highlights from Yanis Varoufakis’s appearance on ERT TV tonight:

He has said the Greek people can give its creditors a clear message on Sunday, and that he then hopes to resume talks about a ‘sustainable solution’ on Monday.

Varoufakis also denied that Greece could leave the euro - despite several European powers saying that’s exactly what’s at stake......

Greek twitter users are tweeting the key points:

Before we wrap up, Greece’s finance minister is giving a TV interview:

Highlights to follow.....

Instead of dealing a killer blow to the Greek banks tonight, the ECB has simply left them in limbo.

They still can’t reopen until the ELA limit is raised, and Mario Draghi is highly unlikely to do that before Sunday’s referendum.

It also appears that the European Central Bank has resisted imposing higher haircuts on the assets Greek banks hand over in return for emergency funds.

Belgium’s finance minister, Johan Van Overtveldt, has told the Financial Times that Alexis Tsipras’s speech rather upset the Eurogroup.

That helps explain why they decided to break off talks until the referendum:

Europe’s stock markets finished the day on a roll - with the FTSE 100 ending 87 points higher at 6608, up 1.34%.

The French CAC jumped almost 2%, and the German DAX gained 2.1%.

Jasper Lawler of CMC Markets says there was optimism that the Greek bailout saga might be resolved before too much longer:

There was stifling heat in the City of London on Wednesday but stock markets weren’t losing their cool over the crises in Greece.

Greek prime minister Tsipras offered enough hope to spring a relief rally by suggesting Greece would meet most of the demands of its creditors in the most recent proposal. However, Greek banks remained closed while the European Central bank deliberated providing more emergency funding.

Yes, come on Mario, the liveblog’s working again now so no need to dawdle...

Greece’s finance minister, Yanis Varoufakis, has published a short’n’snappy bullet point list of reasons to vote no on Sunday.

It includes the fact that Greece’s debt is unsustainable and should be restructured, and a promise that a No vote won’t lead to Greece leaving the euro.

Greeks should say “a big NO, he concludes. Here’s why:

1. Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren
2. The IMF, the United States’ government, many other governments around the globe, and most independent economists believe — along with us — that the debt must be restructured.
3. The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure
4. Since the announcement of the referendum, official Europe has sent signals that they are ready to discuss debt restructuring. These signals show that official Europe too would vote NO on its own ‘final’ offer.
5. Greece will stay in the euro. Deposits in Greece’s banks are safe. Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this choice by the creditors and not by the Greek government discontinuing the negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in the Eurozone and in the European Union is non-negotiable.
6. The future demands a proud Greece within the Eurozone and at the heart of Europe. This future demands that Greeks say a big NO on Sunday, that we stay in the Euro Area, and that, with the power vested upon us by that NO, we renegotiate Greece’s public debt as well as the distribution of burdens between the haves and the have nots.

Why we recommend a NO in the referendum – in 6 short bullet points

Greece’s highest court in the land, the council of state, may have the last say in whether a referendum is held on Sunday after receiving an appeal from citizens for the vote to cancelled for being illegitimate on constitutional grounds.

The tribunal has said it will consider the appeal - apparently made by two individuals - on Friday with a judgement expected later that day!

An interview with Eurogroup president Jeroen Dijsselbloem should be online soon.

Apparently they’re having some technical problems:

Happens to the best of us....

The US government continues to put pressure on all sides to reach a deal.

Reuters says:

White House spokesman Josh Earnest told reporters on Air Force One the United States encouraged all parties to recognize the mutual interest they have in resolving the situation.

In Athens this afternoon, pensioners have been queuing patiently at Greek banks to cash their retirement cheques:

Many other people have made the pilgrimage to the ATM machines for their daily €60.

<kicks server>

Excellent, we are up and running. So let’s catch up with events in Brussels.

The eurozone’s finance ministers have, as flagged up, declined to discuss Greece’s third bailout programme before Sunday’s referendum.

Talks are off, it appears, until the Greek people have had their say.

And Eleni Varvitsiotis of the Kathimerini newspaper report that Alexis Tsipras’s defiant address to the nation stunned Brussels insiders; any hopes that Greece’s PM would blink and pull the referendum have been dashed.

And while I’m away, you can read the highlights of Alexis Tsipras’s speech from the man himself:

Reminder, we do already know the framework of the deal Tsipras is now looking for, from the letter to creditors which emerged this morning.

Alexis Tsipras also tried to calm fears over the financial crisis in Greece, with banks shuttered for the third day.

Here’s some instant reaction to the speech:

The Greek PM didn’t appear to speak about the concessions he’s now prepared to make to creditors.

Tsipras appears to be insisting that the referendum is ON - he’s explaining a popular mandate gives him more strength in negotiations.

(but, which package are Greeks voting on? The one that died last night, or the one that’s not been accepted yet?)

We are still at the negotiating table, says Tsipras -- and if the Eurogroup meeting today delivers a positive message then we will move forward immediately.

Tsipras is speaking about Sunday’s referendum - the vote isn’t about whether to stay in the euro or not, he insists.

And the PM insists that creditors put “better offers” on the table once the referendum was announced.

Greece may be losing the support of some eurozone leaders, and the faith of the rating agencies, but it still has one ally -- Pope Francis.

He has called on people to pray for the country, during its ““keenly felt human and social crisis.”

In a statement, Vatican spokesman, the Rev. Federico Lombardi, said:

“the Holy Father wishes to convey his closeness to all the Greek people, with a special thought for the many families gravely beset by such a complex and keenly felt human and social crisis.”

(quotes via AP)

And Archbishop Ieronymos, the leader of Greece’s powerful Orthodox Church, has made an appeal for unity and calm.

While the UK swelters, Greeks are suffering a dose of traditional British weather:

Greece’s finance minister insists he has nothing to do with the ‘vote no’ banner hanging on his office today:

After hours of anticipation, Alexis Tsipras may begin giving his address shortly.

And Channel 4’s Paul Mason is hearing that he won’t abandon Sunday’s referendum....

The news of Alexis Tsipras’s climbdown has sparked a rally on Wall Street, where the Dow Jones industrial average and the Nasdaq are both up 1%

Europe is also on a tear too -- the FTSE 100 is up 107 points, or 1.6%.

The German and French market have both surged around 2.5%, after two days of fairly chunky falls.

Slovakia’s finance minister Peter Kažimír has dropped a heavy hint that Greece should ditch Sunday’s referendum if it wants to make progress on a third bailout:

He’s also warned that a No vote is a vote to leave the euro...

Berlin and Paris don’t seem to be on the same page regarding Greece:

We’re now waiting for three events....

Alexis Tsipras’s speech to the nation (time unknown), The European Central Bank’s decision on emergency support for Greek banks (time unknown), and the Eurogroup teleconference (eurozone finance ministers) to discuss Greece’s request for a third bailout (from 4.30pm BST/6.30pm Athens).

Over in Athens, a banner reading “No to blackmail and austerity” has been hung on the outside of the Finance Ministry:

From Brussels, Jennifer Rankin sums up the situation:

Germany has dismissed a last-ditch compromise plan from Greece that bowed to some key demands of its creditors.

In an address to the Bundestag, the German chancellor, Angela Merkel, reiterated her stance that there was no point in having talks with the government of Alexis Tsipras before a referendum in Greece on an EU bailout plan.

“The door to talks with the Greek government has always been, and remains, open,” she said, but added that talks could not take place before Sunday’s poll.

Her finance minister, Wolfgang Schäuble, was fiercely critical of Tsipras, saying: “Greece is in a difficult situation, but purely because of the behaviour of the Greek government … Seeking the blame outside Greece might be helpful inGreece, but it has nothing to do with reality.

“The Greek government is not doing its people any favours at all if it keeps making completely false statements. Nobody else is to blame for their situation.”

He added: “It’s all very sad. We’re in a much harder situation than before. It was always difficult. But it has just kept getting more and more difficult since January [when Tsipras took over].”...

More here:

Meanwhile French president Francois Hollande is making rather more conciliatory noises. Reuters again:

[Hollande] said it was the duty of other euro zone countries as well as Greece to keep the country in the single currency area, adding that now was not the time for vetoes or “intransigent statements” but for dialogue.

“It is our duty to keep Greece in the euro zone. That depends on Greece ... But it also depends on us. As a European I don’t want the dislocation of the euro zone, I am not into intransigent comments, into brutal rifts,” Hollande said.

Here’s a couple of contributions from our GuardianWitness shout-out:

ECB president Mario Draghi has said the overarching objective of the Greek bailout reforms was “social fairness”, in a letter dated 30 June. Reuters snaps:

• 01-Jul-2015 13:28:38 - ECB’S DRAGHI SAYS IN LETTER TO LAWMAKER REFORMS ALSO AIMED TO CREATE ENVIRONMENT IN WHICH ALL CITIZENS PAY FAIR SHARE OF TAXES
• 01-Jul-2015 13:29:25 - ECB’S DRAGHI SAYS IN LETTER TO LAWMAKER MEASURES ON GREEK PENSION SYSTEM DESIGNED TO BE PROGRESSIVE, HAVE BEEN MOSTLY APPLIED MAINLY TO PENSIONS ABOVE €1,000
• 01-Jul-2015 13:30:08 - ECB’S DRAGHI SAYS IN LETTER TO LAWMAKER GOAL OF PENSION REFORM TO INCREASE ACTUARIAL FAIRNESS OF THE PENSION SYSTEM AND TO ENSURE THE SYSTEM’S VIABILITY ALSO FOR FUTURE GENERATIONS

Here’s the full Associated Press story on the Council of Europe’s comments on the Greek referendum:

The head of the Council of Europe, Europe’s top human rights institution, says Greece’s referendum would fall short of international standards if held as planned on Sunday.

Council of Europe Secretary General Thorbjorn Jagland told The Associated Press that international standards recommend that a referendum be held with at least two weeks’ notice to allow sufficient time for discussion, with a clear question put to the people and with international observers monitoring the vote.

Greece’s referendum on whether to accept creditor demands in return for bailout funds was called Saturday, and there has been confusion as to whether the result of a “no” vote as the government recommends would lead the country out of the 19-nation eurozone.

The vote “has been called on such a short notice, that this in itself is a major problem,” Jagland said Wednesday by phone from Lisbon, Portugal. “And also the fact that the questions that are put to the people ... are not very clear.”

Meanwhile German finance minister Wolfgang Schauble is continuing his defence in parliament of Germany’s position on Greece:

Ah...

News that the Greek prime minister has finally accepted its creditors’ terms (albeit with a few conditions) has been met with fury on the left in Greece, reports Helena Smith:

Before Alexis Tsipras has even made his much anticipated address to the nation - explaining the details of the proposal - the country’s communist party has described the deal as “the worst bailout” ever.

“They are shamefully fooling the Greek people. This proves that their “no” is in fact a “yes” to new loan accords that go against the people,” the party’s leader Dimitris Koutsoumbas railed in a statement. “We will cancel all of this,” he said referring to Sunday’s referendum. We will say no to the memoranda [bailout accords] , yes to resistance.”

The anti-capitalist bloc, Antarsya also issued a blistering attack on the government, saying whatever it was called the accord amounted to a third bailout that would further impoverish Greeks. ‘The negotiations of submission between the government and the troika have to stop now,” said the far left group adding that the time had come to break with the European Union and write off the country’s debt altogether.

“The no [that we will say] to the troika’s black proposal for a new heavier round of bailout pillaging, is at the same time a heavy no to the continuous proposals of a government that is continually accepting ever more hard-hitting bailout terms that in reality serve the supporters of yes.”

Both statements highlight just how difficult it will be for the left-led coalition to enforce any agreement that is reached with creditors.

Meanwhile bookmaker Paddy Power has paid out early - a five figure sum no less - to those who bet Greece would vote yes in Sunday’s referendum. It said:

At the time of paying out, the bookie was offering odds of 2/7 that the Greeks would pass the referendum.

Since the market opened on Monday the bookie has seen one way traffic in the betting with over 85% of all money staked in favour that the result would pass.

Germany’s Angela Merkel is not having it all her own way in parliament:

Merkel is also saying the International Monetary Fund - which did not receive the €1.5bn owed by Greece by last night’s deadline - would have to be part of any further talks.

EU commissioner Valdis Dombrovskis has said it will present an analysis of the Greece’s ESM loan request to the Eurogroup (via Reuters:)

• 01-Jul-2015 11:55:18 - EU’S DOMBROVSKIS SAYS EU STANDS BY GREEK PEOPLE AND DOORS TO NEGOTIATIONS OPEN
• 01-Jul-2015 11:55:35 - EU’S DOMBROVSKIS SAYS WHATEVER HAPPENS IN GREECE, EURO ZONE CAN WEATHER IT
• 01-Jul-2015 11:55:47 - EU’S DOMBROVSKIS SAYS EU READY TO DO WHATEVER IT TAKES TO ENSURE FINANCIAL STABILITY
• 01-Jul-2015 11:56:28 - EU’S DOMBROVSKIS SAYS ECB MAKING FULL USE OF TOOLS TO ENSURE PRICE STABILITY
• 01-Jul-2015 11:57:34 - EU’S DOMBROVSKIS SAYS COMMISSION TODAY SAW STRONG CASE TO ACCELERATE BANKING UNION
• 01-Jul-2015 12:01:42 - EU’S DOMBROVSKIS SAYS GREEK GOVT REQUESTED ESM 2-YEAR LOAN, DEBT RESTRUCTURING, EXTENSION OF EFSF PROGRAMME
• 01-Jul-2015 12:02:39 - EU’S DOMBROVSKIS SAYS EUROGROUP OPEN TO DISCUSSION ON DEBT RELIEF, AS SET OUT IN 2012
• 01-Jul-2015 12:03:42 - EU’S DOMBROVSKIS SAYS WILL LOOK AT POSSIBLE NEW ESM PROGRAMME FOR GREECE
• 01-Jul-2015 12:04:09 - EU’S DOMBROVSKIS SAYS COMMISSION WILL PRESENT ANALYSIS OF ESM LOAN REQUEST FROM GREECE TO EUROGROUP WEDNESDAY

And another word or two from Germany’s Wolfgang Schauble, who is really not very happy:

Greece’s non-payment of €1.5bn to the International Monetary Fund will not affect the ability of the eurozone bailout fund (the EFSF) to pay its bondholders.

But it added that the non-payment could be a default for certain EFSF loans, and it was still analysing the situation.

Here’s the full EFSF statement:

The European Financial Stability Facility (EFSF) takes note of a public statement of the International Monetary Fund (IMF) that a Greek non-payment has occurred. It is the EFSF’s understanding that the IMF Managing Director has informed the IMF Executive Board. This will be confirmed by a meeting of the Executive Board, expected later today. For the EFSF, this would constitute an event of default for certain EFSF loans.

The EFSF also takes note of the fact that the IMF received a request yesterday from the Greek authorities for an extension of Greece’s repayment obligation that fell due yesterday. The IMF’s Executive Board intends to examine this request in due course.

In line with EFSF guidelines, EFSF CEO Klaus Regling must inform the chairman of the Eurogroup Working Group and the EFSF Board of Directors today of the non-payment and propose one of the following three options:

• acceleration of the loan: this means that the EFSF cancels the loan contract and requests immediate repayment of the principal and interest amounts;
• waiver of rights: this means that the EFSF irrevocably waives its right and remedies under the loan for this specific non-payment;
• reservation of rights: this means that the EFSF neither accelerates the loan nor waives its right to do so, but instead reserves the right to act at a later stage.

The EFSF will coordinate its next steps very closely with the Eurogroup Working Group, where its shareholders are represented, and with the European Commission and the IMF.

The Greek non-payment has no influence on the EFSF’s capacity to repay its bondholders. Investors know that EFSF bonds benefit from a very strong guarantee structure.

And back at EC president Juncker’s press conference, an enterprising soul tackles Greece again, asking for a comment on the day’s events. Juncker just says:

I am in permanent contact with Greece and the other authorities.

More from German finance minister Wolfgang Schäuble, from the Reuters terminal:

• 01-Jul-2015 11:20:27 - GERMANY’S SCHAEUBLE SAYS MUST REMEMBER THAT WE HAVE ALREADY GIVEN GREECE A DEBT HAIRCUT
• 01-Jul-2015 11:21:38 - GERMANY’S SCHAEUBLE SAYS GREEK INTEREST RATE BURDEN IS BELOW THAT OF GERMANY IN RELATIVE TERMS
• 01-Jul-2015 11:23:53 - GERMANY’S SCHAEUBLE SAYS BEFORE SUNDAY’S GREEK REFERENDUM, THERE IS NO POINT TO HAVE TALKS
• 01-Jul-2015 11:25:06 - GERMANY’S SCHAEUBLE SAYS I ALWAYS KEPT TO WHAT WE AGREED, TO OUR RULES, IF EVERYONE HAD DONE THE SAME, GREECE WOULD NOT BE IN SUCH A DESPERATE SITUATION
• 01-Jul-2015 11:26:23 - GERMANY’S SCHAEUBLE SAYS WE HAVE ALWAYS BEEN VERY FLEXIBLE BUT SITUATION HAS DETERIORATED
• 01-Jul-2015 11:26:56 - GERMANY’S SCHAEUBLE SAYS I FEEL SORRY FOR GREEK PEOPLE
• 01-Jul-2015 11:29:18 - GERMANY’S SCHAEUBLE SAYS I AM NOT GIVING ANY PREDICTIONS ABOUT WHAT WILL HAPPEN WITH GREECE, WE ARE OPEN TO ANYTHING
• 01-Jul-2015 11:30:08 - GERMANY’S SCHAEUBLE SAYS WE DON’T KNOW IF WE WILL MANAGE TO GET AN ESM PROGRAMME READY BY JULY 20 PAYMENT DEADLINE
• 01-Jul-2015 11:31:05 - GERMANY’S SCHAEUBLE SAYS ECONOMIC SITUATION IN GREECE IS GETTING WORSE

Meanwhile at a European press conference on its High Level Group on Own Resources, EC president Jean-Claude Juncker swats away a question on Greece:

“If I intended to hold a press conference on Greece I would have called a press conference on Greece.”

Alexis Tspiras is apparently going on television shortly:

Meanwhile there appears to be a problem with Sunday’s referendum: a mistranslation in one of the debt documents being voted on. Bloomberg reports:

There are three scenarios, and it concludes that under the first two there are “no sustainability issues” when the country’s financing needs are taken into account. The translation, though, provided by the Foreign Ministry and sent to reporters on Monday, missed out the word “no.”

Full story:

Here’s one ‘no’ the Greek government should have looked after

From our Europe editor:

This may perhaps be easier to read:

And the letter, courtesy Bloomberg:

A Greek official has told Reuters that Alexis Tsipras asked to keep tax breaks for islands and wanted some changes to the contentious credit proposals. The FT earlier reported that Tsipras asked for a 30% discount on VAT for Greek islands, and requested that a plan to raise the retirement age to 67 by 2022 begin in October rather than at once.

Whether Alexis Tsipras’ new proposals are enough to satisfy Greece’s creditors, however, is still in question:

Call out: if you’re affected by what’s going on in Greece we’d like to hear from you. Share your experiences with GuardianWitness by clicking on the blue button at the top of the blog.

The report about Greek concessions has sent markets climbing:

Here’s a taster of the FT story:

Alexis Tsipras will accept all his bailout creditors’ conditions that were on the table this weekend with only a handful of minor changes, according to a letter the Greek prime minister sent late Tuesday night and obtained by the Financial Times.

The two-page letter, sent to the heads of the European Commission, International Monetary Fund and European Central Bank, elaborates on Tuesday’s surprise request for an extension of Greece’s now-expired bailout and for a new, third €29.1bn rescue, writes Peter Spiegel.

Although the bailout’s expiry at midnight Tuesday night means the extension is no longer on the table, Mr Tsipras’ new letter could serve as the basis of a new bailout in the coming days.

Full story here (£).

Over in Athens this morning there are growing murmurings among members of the governing Syriza party that following its latest bailout proposal to creditors the government should now change tack on Sunday’s referendum. Our correspondent Helena Smith reports:

Is prime minister Alexis Tsipras’ leftist-led government having a change of heart about the referendum? Although the Greek parliament closed today – in line with the constitution ahead of the plebiscite – there is mounting speculation that the radical left Syriza party may indeed be having second thoughts. Last night, the deputy prime minister Yannis Dragasakis, in an interview with state-run TV, appeared to suggest that the referendum could be revoked, saying it was ultimately a “political issue.”

This morning the prominent Syriza party euro MP Dimitris Papadimoulis has pushed thoughts of change a little further, saying the government’s proposal of a third bailout with debt restructuring “changes the landscape” to the point that Greeks should now be urged to vote yes.

“The government proposal for an agreement, without the IMF and with a solution for debt, changes the landscape,” Papadimoulis wrote in a tweet. “Now a Yes is urgently required to the proposal ‘in’ and ‘out’.”

Athens’ anti-austerity coalition government has urged Greeks to vote “no” to the terms under which the debt-choked country would be given aid (terms that following the expiry of its bailout programme last night and the failure of a new accord, do not paradoxically formally exist, hence the widely held belief that the real dilemma posed by the referendum is whether Greeks want to remain in the euro or not).

The MEP subsequently tried to clarify his stance in a second tweet writing: “Yes is for the government proposals. Not for the referendum. It is the hour of responsibility of all.”

Last night, the Greek parliament’s president Zoe Konstantopoulou announced that it would be impossible, constitutionally, to revoke the ballot now that the 300-seat House had voted for it to be held.

The UK manufacturing PMI for June has come in below expectations, and is the weakest for more than two years:

China has called for talks between Greece and its creditors to continue.

Chinese foreign ministry spokeswoman Hua Chunying told a regular press briefing that China wanted to see a united European Union and a strong euro:

“So we hope that the relevant creditors can keep talking with Greece to try and reach agreement as soon as possible and appropriately resolve the crisis now faced.

“From China’s point of view we hope to see that the EU and eurozone can appropriately resolve this issue and Greece can continue to remain in the eurozone. This accords with the interests or all sides. China will continue to play a constructive role in this regard.”

Chinese premier Li Keqiang said during a visit to Brussels this week that China would continue to buy eurozone debt.

(Report from Reuters)

There has been a fairly muted response to the latest Greek developments in the bond markets, with Italian and Spanish bond yield dipping slightly as investors continued to hope for a deal to keep Greece inside the eurozone.

Greek two year and ten year bond yields have edged up slightly but five year yields are currently unchanged.

German chancellor Angela Merkel and her colleagues are set to debate Greece later in parliament:

Here’s a round-up of the other purchasing managers indices for June.

First Spain:

France:

Germany:

And the eurozone figure:

Here’s a link to the full Markit report on Greece’s June PMI:

Downturn in manufacturing sector gathers pace

Here’s the latest update from my colleague Jennifer Rankin in Brussels:

Greece is waiting to hear whether it will be granted emergency aid from the European Central Bank, as it scrambles to pay wages and pensions without the financial lifeline of an EU bailout.

The country is insolvent and almost bankrupt after five years of €240bn (£170bn) in European bailouts dried up at the stroke of midnight and it became the first EU member to default on its creditors.

On Tuesday, Greece missed a deadline to make a €1.5bn payment to the International Monetary Fund, dealing a historic blow to a Europe committed to the irreversibility of its 16-year-old single currency.

Attention is turning to the ECB, which has poured €89bn into the Greek financial system in recent months to keep banks afloat. The Greek government will be waiting to hear whether the ECB will extend this credit line when the bank’s decision-making governing council meets later on Wednesday in Frankfurt, Germany.

UK chancellor George Osborne has said it is vital to resolve the current uncertainty over Greece and to ensure economic and financial stability across Europe, whatever the result of Sunday’s referendum (which may European leaders are calling a choice between Greece staying in the eurozone or leaving).

In a statement Osborne said:

Britain’s attitude to this developing crisis is clear: we hope for the best; but we prepare for the worst, and we stand ready to do whatever is necessary to protect our economic security at this uncertain time.

Here’s more on the Eurogroup change from Reuters:

Eurozone finance ministers will hold a Eurogroup conference call on Greece at 1530 GMT on Wednesday, pushing it back by six hours at the request of several ministers, the group’s spokesman said.

Some ministers had scheduling clashes with the meeting, called on Tuesday evening following a similar call after Greece requested a new loan. Ministers are expected to review in more detail a letter from Prime Minister Alexis Tsipras.

Change of plan. The Eurogroup teleconference will now start six hours later than originally proposed, now at 15.30 GMT. The Eurogroup spokesman has tweeted:

(That 5.30 is Brussels time which is two hours ahead of GMT)

Here’s an updated version of Greece’s debt deadlines:

As expected, European markets have opened higher:

• 01-Jul-2015 08:00:34 - EUROPE’S FTSEUROFIRST 300 RISES 0.5 PCT TO 1,517.50 POINTS IN EARLY TRADING
• 01-Jul-2015 08:01:04 - BRITAIN’S FTSE 100 UP 0.8 PCT, FRANCE’S CAC 40 UP 0.9 PCT
• 01-Jul-2015 08:01:15 - SPAIN’S IBEX UP 0.8 PCT
• 01-Jul-2015 08:03:17 - GERMANY’S DAX UP 1.0 PCT
• 01-Jul-2015 08:06:38 - EURO STOXX 50 UP 0.8 PCT

(via Reuters)

Greece’s referendum on Sunday to vote on whether to accept or reject the creditors’ bailout terms (even though they are not now on the table after yesterday) is getting closer, according to the latest poll. Reuters reports:

A majority of Greeks would vote No to the terms of a proposed bailout deal by foreign lenders but the lead narrowed significantly after banks were closed this week, according to an opinion poll published on Wednesday.

The poll, by the ProRata institute published in the Efimerida ton Syntatkton newspaper, showed 54% of those planning to vote would oppose the bailout against 33% in favour.

However a breakdown of results between those polled before and after Sunday’s decision to close the banks and impose capital controls showed the gap narrowing.

Of those polled before the announcement of the bank closures, 57% said they would vote No against 30% for who would vote Yes. However of those polled after, the No’s were at only 46% against 37% Yes.

Asian markets have edged higher awaiting the next developments now Greece’s bailout has run out:

And here are IG’s opening calls for European markets, showing an early rebound is expected after yesterday’s late declines: