Ten Things You Need to Know Today: Wednesday 1 Jul 2015

1. Tsipras hints at concessions after Greece misses IMF deadline

Greek Prime Minister Alexis Tsipras has told his country's creditors that he had been prepared to accept most conditions that were on the table before talks collapsed at the weekend and he called a snap referendum. Yesterday Greece became the first developed nation to fail to repay a loan to the IMF. Talks on a new bailout are now on hold.

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