EXCLUSIVE / At least half a million Greeks are unable to vote in a referendum widely perceived as a choice on whether or not to remain in the eurozone, unless they return to Greece before Sunday’s poll.
Greece will vote on its future in the eurozone on Sunday (5 July). If such a poll were to be conducted across the EU, it is far from certain that a majority would back further concessions to Athens as the price for keeping the Union intact. The EURACTIV Network reports.
Greece's last-minute overtures to international creditors for financial aid yesterday (30 June) were not enough to save it from becoming the first developed economy to default on a loan with the International Monetary Fund. The situation remains so uncertain that even the Sunday referendum, on whether to accept the aid, hangs in doubt.
Assuming that there is no last-minute deal between Athens and its creditors, Greece will lose €16.3 billion of financing at midnight Washington time today (30 June), EU officials told the press in Brussels.
Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires today (30 June), European Union and Greek government sources said.
As the blame game intensifies, German Chancellor Angela Merkel accused Athens of refusing to compromise, saying no one can get 100%, while Vice Chancellor Sigmar Gabriel was even tougher on the Greek government. EURACTIV Germany reports.
From the Commission press room, President Jean-Claude Juncker turned directly to the Greek people today (29 June) in a dramatic message ahead of the 5 July referendum, calling on them to vote yes for Europe, irrespective of the question asked.
In an unusual move that underlined frustration with the Greek government, the European Commission published on Sunday (28 June) what it said were the last proposals creditors made to Athens before Greece broke off funding talks. Commission President Jean-Claude Juncker will speak to the press today at noon.
Greek lawmakers on Sunday (28 June) authorised Prime Minister Alexis Tsipras' proposed 5 July bailout referendum, setting Greece on course for a plebiscite that has enraged international creditors and increased Greece's chances of exiting the eurozone.
No matter how desperate Greece's situation appears after its government suspended negotiations, Eurogroup President Jeroen Dijsselbloem left the door open Saturday (27 June) to avoid a Greek default next week.
Eurozone ministers on Saturday (27 June) rejected extending the Greek bailout programme, which expires on Tuesday (30 June). They said Prime Minister Alexis Tsipras reacted "negatively" by calling a referendum on the creditors' proposal and by recommending a 'No' vote.
The 5 July referendum called by the Greek government will be on the agreement proposed by international creditors, not on a Grexit, said Alexis Tsipras, late Friday night (26 June). EURACTIV Greece reports.
Alexis Tsipras called a referendum on bailout demands from foreign creditors early Saturday (27 June), rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to a risky popular vote.
Greece will restart crunch talks with its creditors on Thursday (25 June) in a bid to save Athens from default, hours after Prime Minister Alexis Tsipras lashed out at lenders for rejecting his reform plans.
Greece’s international lenders raised hopes for a desperately needed bailout agreement this week to save Athens from default and a possible euro exit, despite failing to reach a deal at talks on Monday night (22 June).
The meeting on Greece between eurozone finance ministers in Brussels ended after only a few hours on Monday (22 June), but Eurogroup President Jeroen Dijsselbloem said the new Greek proposals sent this morning give an opportunity to reach a deal this week.
France and Italy will do whatever it takes to support Greece. But the patience of other eurozone countries is wearing thin, even if the political and financial cost of Grexit would be far greater than another postponement the country's debt repayments. EURACTIV France reports.
The European Union welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at talks today (22 June) where creditors want 11th-hour concessions to haul Athens back from the brink of bankruptcy.
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