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Greece debt crisis: Eurozone refuses bailout extension | |
(35 minutes later) | |
Eurozone finance ministers have rejected a Greek request to extend a bailout programme beyond 30 June. | |
A Eurogroup statement said Greece had broken off negotiations over a new bailout deal "unilaterally". | |
Late on Friday, Greek PM Alexis Tsipras called a surprise referendum for 5 July over the terms of any new deal. | |
Greece has to pay €1.6bn (£1.1bn) to the IMF on Tuesday. Without new funds, there are fears Greece may leave the euro and its economy may collapse. | |
Eurogroup head Jeroen Dijsselbloem said finance ministers would reconvene to discuss the consequences of the latest developments. | |
They were determined "to maintain the strength and credibility of the eurozone", he said. | |
It would be up to the European Central Bank (ECB) to decide whether to continue providing emergency liquidity funding to the Greek banking system, he added. | |
Greek Finance Minister Yanis Varoufakis said the Eurogroup's refusal to extend the bailout could permanently damage the credibility of the group. | |
Mr Varoufakis said Greece had asked for an extension of "a few days, a couple of weeks", whereas Mr Dijsselbloem said an extension of one month had been requested. |