FXStreet (Bali) – European Commission President Jean-Claude Juncker offered a last-minute opportunity to reach a new bailout deal with Athens ahead of Tuesday’s IMF payment deadline, according to European Union and Greek government sources.
As Reuters reports: “Under the offer, Prime Minister Alexis Tsipras would have to send written acceptance by Tuesday, in time for an emergency meeting of the Eurogroup of euro zone finance ministers to be held and agree to campaign in favour of the bailout in the planned July 5 referendum.”
However, Greek newspaper Kathimerini reported that Greek PM Tsipras’ government had rejected that last-minute Juncker proposal, still perceived as a humiliation. According to a Greek government official, cited by Reuters, Tsipras took into consideration the proposal, but said: “Tsipras will vote “no” on Sunday”.
(Market News Provided by FXstreet)