Greeks Queue Outside Bank As Debt Deadline Nears

Posted: June 27, 2015 in Economics
Tags: ,

Greek PM Alexis Tsipras has announced a referendum in a televised speech to the nation after another day of fractious negotiations with creditors closed without a deal. The government is considering a referendum on the substance of the proposal from the creditors.

The dramatic move comes after Athens rejected a proposal from the troika aimed at delivering some €16 billion in aid to Greece as part of an extension of the country’s second bailout program.

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