Alexis Tsipras time watchREUTERS/Alkis KonstantinidisGreek Prime Minister Alexis Tsipras looks at his watch as he delivers a speech during a parliamentary session in Athens, Greece June 28, 2015. Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an ‘ultimatum’ from lenders and putting a deal that could determine Greece’s future in Europe to a risky popular vote.

S&P just downgraded Greece’s credit rating to CCC- from CCC.

More to come….

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