Last weekend BBC Radio 4 broadcast Air-Force One a play about the events immediately after John F Kennedy’s assassination on 22nd November, 1963. If you are my age you will remember where you were when you heard the news.
It’s all perfectly simple. The Greek government needs to borrow loads more Euros, mostly to re-pay previous loans. They were offered this on onerous terms at the end of June. They rejected these terms, and this rejection was then endorsed by the Greek people in a referendum.