Greece debt crisis: Eurozone refuses bailout extension


(MENAFN- Jordan News Agency) Eurozone finance ministers have rejected a Greek request to extend a bailout program beyond 30 June.

A Eurogroup statement said Greece had broken off negotiations over a new bailout deal "unilaterally".

Late on Friday, Greek PM Alexis Tsipras called a surprise referendum for 5 July over the terms of any new deal.

Greece has to pay ?1.1bn to the IMF on Tuesday. Without new funds, there are fears Greece may leave the euro and its economy may collapse.

French Finance Minister Michel Sapin stressed after the Eurogroup talks that all of its members wanted Greece to remain in the eurozone.

"This is not a Greek exit from the euro zone," he told reporters. "The 18 countries, apart from Greece, all said clearly that Greece was in the euro and should remain in the euro whatever the difficulties of the moment," BBC said.


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