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  1. Greek PM Alexis Tsipras threatens to resign over referendum result

Greek PM Alexis Tsipras threatens to resign over referendum result

Greek Prime Minister Alexis Tsipras has threatened to resign over a snap referendum's result on the country's debt crisis, saying that he would not stay in office to oversee more cuts if Greece votes yes.

By: | Updated: July 4, 2015 9:15 PM

Greek Prime Minister Alexis Tsipras has threatened to resign over a snap referendum’s result on the country’s debt crisis, saying that he would not stay in office to oversee more cuts if Greece votes yes.

According to BBC, Tsipras said that a clear vote against austerity will help the country negotiate a better settlement to the crisis.

Greece’s bailout expires on Tuesday, the same day it faces a deadline to repay a €1.6bn (£1.1bn) loan to the International Monetary Fund (IMF).

As the deadline nears, reports in Greece say that a last-minute offer was made by the creditors on Monday night.

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