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Saturday 27 June 2015

Greece Debt Crisis: Eurozone Refuses Bailout Extension.

Eurozone finance ministers have rejected a Greek request to extend
a bailout programme beyond 30 June.
A Eurogroup statement said Greece had broken off negotiations over a new bailout deal "unilaterally".
Late on Friday, Greek PM Alexis Tsipras called a surprise referendum for 5 July over the terms of any new deal.
Greece has to pay €1.6bn (£1.1bn) to the IMF on Tuesday. Without new funds, there are fears Greece may leave the euro and its economy may collapse.
Source: BBC

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