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| Version 2 | Version 3 |
|---|---|
| Greece debt crisis: Tsipras announces bailout referendum | Greece debt crisis: Tsipras announces bailout referendum |
| (35 minutes later) | |
| Greece will hold a referendum on 5 July on a controversial bailout deal with foreign creditors, Prime Minister Alexis Tsipras has announced. | |
| In a televised address, he described the plan as "humiliation" and condemned "unbearable" austerity measures demanded by creditors. | In a televised address, he described the plan as "humiliation" and condemned "unbearable" austerity measures demanded by creditors. |
| The Greek government earlier rejected the proposals, aimed at avoiding the country defaulting on its debt. | The Greek government earlier rejected the proposals, aimed at avoiding the country defaulting on its debt. |
| Greece has to make a €1.5bn ($1.7bn; £1.06bn) IMF debt repayment on 30 June. | Greece has to make a €1.5bn ($1.7bn; £1.06bn) IMF debt repayment on 30 June. |
| In the speech, Mr Tsipras said: "These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people." | In the speech, Mr Tsipras said: "These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people." |
| "The people must decide free of any blackmail," he added. | "The people must decide free of any blackmail," he added. |
| Greek debt talks - main sticking points | Greek debt talks - main sticking points |
| What if the Greek talks fail | What if the Greek talks fail |
| Can Greece stay in the euro? | Can Greece stay in the euro? |
| Chris Morris: Tsipras may face impossible choice | Chris Morris: Tsipras may face impossible choice |
| How did Greece get in this mess? | How did Greece get in this mess? |
| Mr Tsipras was speaking just hours after talks in Brussels, where the creditors offered a five-month extension to Greece's bailout programme. | |
| The proposal would have released €15.5bn of funding, €1.8bn of which would have been available now. However, that was conditional on Greece carrying out reforms. | The proposal would have released €15.5bn of funding, €1.8bn of which would have been available now. However, that was conditional on Greece carrying out reforms. |
| The offer is due to be discussed at a meeting of eurozone finance ministers on Saturday. | The offer is due to be discussed at a meeting of eurozone finance ministers on Saturday. |
| German Chancellor Angela Merkel had urged Athens to accept what she called an "extraordinarily generous" offer. | |
| The protracted negotiations are stalled over what reforms Athens is prepared to take, with disputes emerging on pensions and increasing Value Added Tax. | The protracted negotiations are stalled over what reforms Athens is prepared to take, with disputes emerging on pensions and increasing Value Added Tax. |
| If Greece does default, it could exit the eurozone, with possible repercussions for the rest of Europe and the world economy. | If Greece does default, it could exit the eurozone, with possible repercussions for the rest of Europe and the world economy. |
| Only once agreement is reached will the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) unlock the final €7.2bn tranche of bailout funds for cash-strapped Greece. | Only once agreement is reached will the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) unlock the final €7.2bn tranche of bailout funds for cash-strapped Greece. |
| Greece has been in recession for six years. After winning elections in January, Mr Tsipras' left-wing Syriza party promised to end tough austerity measures. | |
| Syriza says tough bailout conditions have impoverished Greece, fuelling unemployment - currently at more than 20% - and failing to reduce the massive debt pile. |