BRUSSELS (Sputnik) — The European finance ministers will convene for another teleconference on the subject of the Greek debt crisis on Wednesday, Eurogroup President Jeroen Dijsselbloem said Tuesday.
Eurogroup teleconference Wednesday 11:30am, to discuss state of play #Greece
— Jeroen Dijsselbloem (@J_Dijsselbloem) June 30, 2015
Taking place against the backdrop of the breached deadline on Greece repaying its bailout debt to the International Monetary Fund (IMF), the teleconference signals that talks are not over and Europe does not want to see Athens out of the euro currency zone.
The nationwide referendum that Greek Prime Minister Alexis Tsipras announced will take place on Sunday is seen by some as a vote on the so-called Grexit, which Greek officials deny. The vote will turn the question of whether to accept international creditors' bailout deal in exchange for unpopular austerity measures to the public.
Minutes ago, Greek Deputy Prime Minister Yannis Dragasakis requested the IMF to postpone the $1.7-billion loan repayment until November, as well as introducing a two-year European Stability Mechanism (ESM) and an Emergency Liquidity Assistance (ELA) program.
Tsipras' office said earlier in the day that Athens had proposed to make a two-year agreement with the ESM to cover the country's financial needs and simultaneously restructure its debt. Varoufakis confirmed reports that the country would not make its $1.7-billion debt repayment to the IMF, due by the end of the day.
