Sunday, June 28, 2015

Eurogroup says 'no deal' to Greek request for bailout extension



Greece’s parliament has authorized a referendum on a bailout offer from foreign creditors. It is set to take place on the 5th of July.Prime Minister Alexis Tsipras, who has been calling for the vote, wants Greeks to reject the proposed financial deal, which he has described as “insulting.”But Eurozone finance ministers have rejected a request from Athens to extend its bailout program beyond Tuesday, when an IMF repayment is due.If Greece does not unlock new funds, it will default – and could ultimately leave the euro.The referendum decision comes after President of the Eurogroup Jeroen Dijsselbloem announced financial aid for Greece will stop, full-stop, on Tuesday night .
INC News, 28/06/2015 - via Euronews

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