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http://www.reuters.com/article/2015/06/27/us-eurozone-greece-idUSKBN0P40EO20150627
"Greece's European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum.
Finance ministers of the other 18 countries sharing the euro met for the first time without Greece and flatly rejected its pleas to extend an expiring bailout until after the referendum on July 5 and setting the stage for Athens to default on a crucial IMF payment on Tuesday.
The swift rejection was a startling demonstration of the degree to which Tsipras had alienated the rest of the currency bloc with a final-hour announcement that upended five months of intense talks.
The Eurogroup of finance ministers shut Greece's Yanis Varoufakis from a meeting in Brussels and issued a statement without him, accusing Athens of breaking off negotiations unilaterally.
"The current financial assistance arrangement with Greece will expire on June 30, 2015, as well as all agreements related to the current Greek program," it said, making clear its refusal of a grace period to hold the vote."
"Greece's European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum.
Finance ministers of the other 18 countries sharing the euro met for the first time without Greece and flatly rejected its pleas to extend an expiring bailout until after the referendum on July 5 and setting the stage for Athens to default on a crucial IMF payment on Tuesday.
The swift rejection was a startling demonstration of the degree to which Tsipras had alienated the rest of the currency bloc with a final-hour announcement that upended five months of intense talks.
The Eurogroup of finance ministers shut Greece's Yanis Varoufakis from a meeting in Brussels and issued a statement without him, accusing Athens of breaking off negotiations unilaterally.
"The current financial assistance arrangement with Greece will expire on June 30, 2015, as well as all agreements related to the current Greek program," it said, making clear its refusal of a grace period to hold the vote."