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The last in a long row of illegal-migrant-related incidents plaguing Europe for the better part of this year, the Calais crisis set out to dominate not only this week’s headlines but also the debate about the UK’s relationship with the European Union.

In a bid to boost morale and ease the financial squeeze on Greek citizens, banks reopened on Monday, 20 July, after being closed for 3 weeks. Though banks are fully operational, withdrawals will still be capped at €60 per day, but now with the possibility to withdraw a whole week’s worth in one go. Restrictions on overseas payments remain in place. Also, trading on the Athens Stock Exchange is still frozen, along with clearing services and cash settlements for Greek securities.

One of the worst crises in EU history took another crucial turn with a decision made in the morning of Monday, 13 July. In order to avert his country’s financial collapse, Prime Minister Alexis Tsipras struck a deal with the other Eurozone leaders that would give Greece its third international bailout in five years. The package is worth €86bn and will be doled out over a period of 3 years.

An UN-proposed peace deal for Libya was signed late Saturday, 11 July 2015, in Morocco by some of the country’s political factions. The agreement was widely hailed as a move towards stability in the war-torn country. The deal lays the foundation for the establishment of a national unity government and the granting of legislative authority to the Tobruk-based assembly.

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