Travel associations in the UK, France and even Germany say that bookings for holidays in Greece have been strong and that they have not had cancellations.

There is evidence to suggest that people may be being lured by the idea of cheaper-than-ever prices. German travel search site Kayak.de said hotel prices for this week were down 8% over last year, while Skyscanner in the UK said some return flights in July could be had for just £79.

Greece's finance minister Yanis Varoufakis resigned his post on Monday morning having thanked the electorate for "the great capital bestowed upon our government by the splendid 'no' vote."

Varoufakis said it was clear he could not remain as Finance Minister even though his resignation pledge originally was only if there had been a ‘yes’ vote - he is ‘Minister no more’ according to his early morning blog.

The Greek people have said ‘no’ to continuing austerity demanded by the county’s creditors and risks financial collapse if European leaders now turn their backs on a country that has voted itself out of the fold.

Over 60% of voters backed Alexis Tsipras’ Syriza party and rejected the latest proposals for spending cuts and tax increases against a backdrop of economic decline and the highest unemployment rate in Europe.

GNR agents have seized thousands of documents, more than 1,700 vehicles and other goods totaling €44 million.

There have been 30 arrests in Operation Medusa which is investigating the buying of seized vehicles and their subsequent sale and the use of 'scam company insolvencies.'

Finland has given tentative backing to David Cameron’s efforts to renegotiate with the European Union and to hold a referendum.

Finland’s new foreign minister, eurosceptic Timo Soini, said the plan was an “absolutely a great idea” but added that Finland would not be a “100% supporter at every stage”.

Corks were no doubt popping in France on Sunday after the country’s cherished Champagne area was listed as a Unesco World Heritage site.

Several Burgundy vineyards were also given the same recognition.

An exhibition has opened in Portimão museum illustrating how the artificial reef off Alvor was established with the deliberate sinking of four unwanted naval ships.

The ambitious project has ensured that the Algarve now is included on many divers' wish lists for European dive sites.

While Europe nervously awaits the outcome of the Greek referendum, the country’s government has proposed another initiative to garner revenue.

Greece has asked for what appears to be a partial amnesty on money deposited by Greek citizens in Swiss banks.