Parliament approves referendum; Greece’s future in balance

ATHENS – Greece’s parliament voted early Sunday in favor of Prime Minister Alexis Tsipras’ motion to hold a July 5 referendum on creditor proposals for reforms in exchange for loans, with the country’s future in the eurozone looking increasingly shaky.

Tsipras’ surprise call stunned Greece’s international debt negotiators, and the country took a big step closer to falling out of the euro

currency union after fellow eurozone member states refused to extend its bailout program past its expiry date on Tuesday, leaving Greece on the brink of financial chaos. In the streets of Greece, worried people queued outside banks for cash from dawn to dusk after Tsipras’ announcement in the early hours of Saturday, after billions of euros had already been emptied in the preceding weeks.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4673422,00.html

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