Greek deal faces the fate of its forebears
Only pure genius or enormous luck could produce a perfectly designed Greek programme, writes Mohamed El-Erian
Greece’s surprise decision to hold a referendum on austerity measures and the country’s membership of the eurozone has been withdrawn following intense pressure from France and Germany not to break the terms of the bail-out deal
Eurozone finance ministers dismiss a reputed €3.3bn package of Greek budget cuts and send the country’s finance minister back to Athens
Mood darkens before parliamentary vote that political leaders cast as referendum on whether the country would stay in eurozone
The European Central Bank rules out taking losses on its holdings of Greek government bonds but widens its range of collateral
The single currency climbs on reports that Greek politicians have reached terms over austerity plans that secure the country further emergency funding
A swift response underscored the next challenge: to get cabinet backing on for €3.3bn of spending cuts and push the measures through parliament
In this interactive graphic, Chris Giles looks at likely outcomes of a default by Greece including the possibility of the break-up of the eurozone
Discover the four key aspects of a debt restructuring with the FT’s guide
Only pure genius or enormous luck could produce a perfectly designed Greek programme, writes Mohamed El-Erian

Greece may benefit little. Its debt dynamics will remain horrible and even if extra austerity is agreed, worries about slippage will remain
Greece produces no machines, no electronics and no chemicals. It does not have what it takes to be as rich as it is, writes Ricardo Hausmann
German plan may go down well with voters but is not a coherent response to what went wrong with the currency and how this can be fixed
Christine Lagarde argues that if private creditors do not accept a big enough writedown, the ECB may have to take a cut in its own holdings
Firms face great uncertainty if they take on Athens for larger sums as most of the country’s bonds are under sole jurisdiction of Greek laws
The potential of our economy is vast.As growth resumes and tax collections rise, recent tax rises can be reversed, writes George Provopoulos
Italian prime minister gains approval but his Greek counterpart is squeezed between eurozone lenders and debt holders
Disagreement over pension cuts stalls talks
Negotiators given extra time to reach agreement
Athens needs money to pay back bondholders
Delay fuels anxiety that Athens may be forced into default
German chancellor calls for tougher reforms
Escrow account would ensure debt holders paid off
It remains unclear whether IMF will sign off
Sarkozy and Merkel say parties must accept deal
Talks on terms of fresh aid have broken up until Monday
Eurozone finance ministers forced to postpone bail-out approval
Country cannot take more austerity, EU told
Deadline of 2017 is looking ‘difficult’
Minister says monitoring safeguards are already in place
Rehn hopes for end to talks in next few days
Berlin wants eurozone to take Athens’ reins