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  1. Greece debt crisis: Eurozone rules out bailout talks until after Greek referendum

Greece debt crisis: Eurozone rules out bailout talks until after Greek referendum

Eurozone finance ministers have reportedly ruled out any bailout talks with Greece until the country holds a referendum on the proposals offered by the International Monetary Fund (IMF) and the European Union (EU) on Sunday.

By: | Updated: July 2, 2015 11:26 AM
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Greece’s Prime Minister Alexis Tsipras called for a ‘No’ vote, Finance Minister Yanis Varoufakis accused the creditors of blackmail. (Photo: AP)

Eurozone finance ministers have reportedly ruled out any bailout talks with Greece until the country holds a referendum on the proposals offered by the International Monetary Fund (IMF) and the European Union (EU) on Sunday.

While Greece’s Prime Minister Alexis Tsipras called for a ‘No’ vote, Finance Minister Yanis Varoufakis accused the creditors of blackmail. However, he also promised that a deal would be reached after the vote and current restrictions on bank withdrawals would ease, reported the BBC.

Meanwhile, Prime Minister Tsipras offered new proposals to eurozone partners, accepting most of what was on the table before talks with creditors collapsed last week, but with conditions.

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