TIME is running out and the economic crisis that, for a few happy hours, seemed to have eased, remains hanging over the eurozone like the Sword of Damocles.

True to form, the initial relief that gave the markets a spike did not take long to evaporate and leave the lingering fear that the fundamental crisis which existed before the Greeks went to the polls on Sunday was still there in all its malign magnitude hours after the votes were cast.

Please enable cookies in your browser to display the rest of this article.

Related articles