Inflated state salaries, rising debt and a high social grant bill leave South Africa vulnerable.
Greeks queued outside banks as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals.
Lawmakers passed an EU agreement that keeps Greece in the eurozone, putting pressure on the ECB and European governments to deploy emergency funds.
Alexis Tsipras drives through tax increases and pensions shake-up amid angry splits in his Syriza party.
Prime Minister Alexis Tsipras braved a revolt in his political party as Parliament in Athens began to debate a bailout of up to €86-billion.
Greece reached an agreement with its creditors over the reforms needed to start talks for a third bailout in five years and remain in the euro.
This was the week of hell no's, with the new NPA boss saying he won't use his new position to protect the president and taxis protesting over Uber.
The current confrontation will shape resistance to austerity - and the future of the whole of Europe.
What should be a financial matter has become a political stick to punish the country.
Oil prices recovered after Iran nuclear talks extended until July 7, despite uncertainty over the Greek financial crisis, analysts said.
Alexis Tsipras and his creditors sparred heading into Sunday's referendum on austerity as a poll suggested voters are inclined to accept deeper cuts.
European leaders wait for signs that Prime Minister Alexis Tsipras is ready to compromise as Greece fails to make its IMF payment.
Referendums settle matters definitively, right? Not in Greece. Both outcomes next Sunday would raise as many questions as they answer.
Markets across the world tumble as Greece orders its banks to shut for a week and imposes capital controls after its citizens emptied ATMs.
Greece's Alex Tsipras publishes a decree in the official government gazette setting out the capital controls to be imposed on the country.
ECB president Mario Draghi willingly giving Greece negotiating room while cash drains from the banking system has riled those who had a tougher ride.
As bank withdrawal limits in Greece plummet, citizens have been thinking up contingency plans for 'in case'.
Greece faces a week of urgent diplomacy to free up bailout aid and avert a potential default as world leaders press for a resolution to the standoff.
The euro leapt, Greek bond yields fell, but nothing actually changed in another day of talks with international creditors.