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GREXIT

Greek Parliament Approves Referendum

Over whether or not to accept bailout terms.

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REUTERS/Yannis Behrakis

Greece’s parliament voted on Sunday in favor of Prime Minister Alexis Tsipras’ proposed referendum on bailout terms. The referendum will take place on July 5. EU officials have rejected a request to extend the bailout past Tuesday’s payment deadline until the referendum. This means that Athens will likely default and makes the possibility of a Greek exit from the euro more likely. The parliamentary vote saw Tsipras’ left wing party aligned with the far right Golden Dawn.

Read it at Reuters

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