Greek Minister: Creditors' Proposals Offered No Hope for Reaching Deal

© AP Photo / Petros GiannakourisGreece's Finance Minister Yanis Varoufakis attends an emergency Parliament session in Athens, on Friday, June 5, 2015
Greece's Finance Minister Yanis Varoufakis attends an emergency Parliament session in Athens, on Friday, June 5, 2015 - Sputnik International
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The proposals tabled by the international creditors did not give any hope for reaching a deal with Greece, Finance Minister Yanis Varoufakis said Saturday.

BRUSSELS (Sputnik) – Varoufakis said at a press conference following an extraordinary Eurogroup meeting on Greece:

“What was proposed to us did not contain any plan for giving hope in investors, both Greek and non-Greek, in consumers and depositors, that this five-month period that was proposed to us would be a period of consolidation and a period of overcoming the crisis.”

Greece's Prime Minister Alexis Tsipras (L) is welcomed by European Commission President Jean-Claude Juncker ahead of an emergency summit with the leaders of Athens' creditors at the European Commission in Brussels, on June 22, 2015. - Sputnik International
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The minister added that the creditors instead tried to "drag us back into the MoU [Memorandum of Understanding, a third bailout package in exchange for harsh austerity measures]."

“The refusal of the Eurogroup today to endorse our request for an extension of this agreement for a few days, a couple of weeks, so as to allow Greek people to deliver their verdict on institutions proposal.. will certainly damage the credibility of the Eurogroup,” Varoufakis said at a press conference following an extraordinary Eurogroup meeting on Greece.

He added that this damage could be “permanent.”

The Greek government will sign a deal with its international creditors should the people vote for it in the upcoming referendum, Varoufakis said.

“Our government committed to implementing the verdict of the Greek people. If the Greek people wanted us to sign on the dotted line, we would,” Varoufakis said at a press conference following an extraordinary Eurogroup meeting on Greece.

Earlier on Saturday, Prime Minister Alexis Tsipras announced that a surprise referendum on whether to accept an accord for a new bailout with Greece’s creditors would take place July 5.

“Anyone who says that this referendum is about the euro is imposing a very shaky interpretation upon a very clear reality. The reality is that this is not about the euro and it could never be about the euro,” Varoufakis said.

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