Ann's Corner

A taste of FAITH, a touch of LAUGHTER.

Eurozone denies extension to Greek bailout


Global News

ATHENS, Greece – The finance ministers of the eurozone have rejected a Greek request to extend the deadline of its bailout program until after a planned July 5 referendum.

However Greece’s finance minister says there is still a chance his country could reach a bailout deal with creditors, despite the latest breakdown in talks.

Eurozone finance ministers on Saturday rejected Greece’s request for an extension to its bailout program so that it could put the creditors’ bailout proposals to a popular vote July 5. Greece’s bailout program expires on Tuesday and it is unclear whether it can support its banks after that date without a deal with creditors.

Yanis Varoufakis says the eurozone finance ministers would continue their meeting without Greece on Saturday night to evaluate the consequences of the recent decisions.

He told reporters, however, that there is still the “possibility of negotiating through the day and through the night and…

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This entry was posted on June 27, 2015 by in Uncategorized.

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