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HomeNEWSWORLD NEWSGreece PM urges Greeks to vote NO in the referendum

Greece PM urges Greeks to vote NO in the referendum

The Prime Minister of Greece, Alexis Tsipras urges Greek to vote NO to a bailout in a referendum which is still set to go ahead on Sunday. Earlier he appeared ready to except most of the terms that were offered by the European creditors, that he rejected last week, even though the Greece is effectively in default.
Mr. Tsipras is trying to calm fears of Greeks still can’t get in to shuttered banks that they say they would soon run out of money for ordinary and daily expense. 
The Euro-group is saying that they would not discuss another deal, but Alexis Tsipras is saying that he would deal after the referendum. Euro group finance minister don’t appear to be very pleased with the Greek Prime Minister’s actions in the last week. 
The New Greek letter won’t revive expired bailout and a new deal could take weeks, experts say.
The German finance minister said there is no time for a new deal before a Greek referendum, and it is not known if the July 5th Greek referendum will proceed.
These new developments come as the end of bailout could lead to tougher European Central Bank terms for Greek banks.
An EU official says any new rescue plan may require tougher conditions for Greece.

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