Greece announces referendum on bailout

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By irishexaminer.com

Greece’s radical left-wing government announced a referendum on the latest proposed bailout deal – and urged voters to reject it.

Its fraught talks with its creditors took a dramatic turn early this morning when Prime Minister Alexis Tsipras revealed the July 5 referendum in a televised address to the nation, following an emergency meeting of his cabinet.

“The Greek government has been asked to accept a proposal that places new unbearable burdens on the Greek people,” he said.

“Right now, we bear an historic responsibility concerning … the future of our country. And this responsibility obliges us to answer (the bailout creditors’) ultimatum based on the sovereign will of the Greek people.”

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