Greece crisis: PM announces referendum on bailout deal
June 27 , 2015
Greek prime minister Alexis Tsipras has said that the country will hold a referendum on July 5 on a bailout deal with foreign lenders.
Speaking on television, he said that the bailout plan would inflict “unbearable” austerity measures on Greece and was humiliating.
Greece has to make an IMF debt repayment before the end of June. The bailout proposals are aimed at finding a way to help Greece avoid defaulting on its debt.