The Greek crisis just got another dimension: in a dramatic speech, Greek PM Alexis Tsipras announced a referendum on the latest EU proposals which he just rejected. It will be held on July 5th, after the June 30th deadline. He asked the institutions (formerly known as the troika) for a temporary extension of a few days. The Eurogroup was planned to meet on Saturday at 12:00 GMT, but the Greek parliament convenes at 9:00 to vote on the referendum law to parliament.
There are less than 48 hours until markets open, and if nothing changes, it is going to be very messy.
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