Greece given deadline to avoid banking collapse and euro exit

Athens told to present convincing details or EU leaders will hold emergency meeting in Brussels on Sunday to deal with Grexit Greece has 48 hours to strike a new bailout deal with its eurozone creditors or face a banking collapse, a humanitarian emergency, and the start of an exit from the single currency, European leaders decided on Tuesday evening. Unless Athens presents convincing details entailing more austerity as the basis for its third bailout in five years, all 28 national EU leaders, no...