No Extension to Greek Bailout after June 30, Eurogroup Says

World » EU | June 27, 2015, Saturday // 18:46
Bulgaria: No Extension to Greek Bailout after June 30, Eurogroup Says Eurozone finance ministers have told Greek counterpart Yanis Varoufakis (R) the current bailout program will be in place by June 30. Photo by EPA/BGNES

Eurozone Finance Ministers have turned down a request by Greece to continue its bailout program beyong June 30.

Tensions between Greece and the rest of the Eurozone soared after PM Alexis Tsipras called in a referendum on July 5 so that Greeks have their final say on the international lenders' latest bailout proposal.

The Eurozone has been one of the three creditors of Greece as the country is still grappling with a debt crisis and its impact on the economy and society.

If Greece does not pay a loan installment by June 30 it is facing default and possibly and exit from the single-currency area.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

EU » Be a reporter: Write and send your article
Tags: Eurozone, Eurogroup, greece
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria