Greece to hold referendum on bailout


ATHENS: Greece will hold a referendum on July 5 on the outcome of negotiations with its international creditors taking place in Brussels on Saturday, Prime Minister Alexis Tsipras announced.

“The people must decide free of any blackmail… the referendum will take place on July 5,” Tsipras said in a televised address to the nation.

Tsipras spoke ahead of a critical meeting of eurozone finance ministers in Brussels on Saturday, amid heightened anxiety over a possible Greek default next Tuesday that could potentially spark its exit from the euro, and even from the European Union.

Greece rejected its international creditors’ offer of a five-month, 12-billion-euro ($13.4-billion) extension of its bailout program on Friday, arguing it was unacceptable.

“This is a historic responsibility that now appears for us to decide the future of the country… in the coming days we will have to take decisions upon which future generations will depend.”



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