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    Extraordinary Summit on Greece to Be Held Wednesday - EU Parliament Member

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    An extraordinary summit on the Greek crisis is planned for Wednesday, Dimitrios Papadimoulis, Member of the European Parliament from Greece’s ruling Syriza party said.

    ATHENS (Sputnik) – On Saturday, a round of talks on Greece’s bailout ended with no results. The Eurogroup blamed Greece for breaking off talks as Athens announced a July 5 referendum for voters to decide whether to accept the new bailout deal offered by the lenders.

    Also on Saturday, Eurozone finance ministers refused to extend Greece’s bailout program beyond the Tuesday (June 30) deadline.

    A spokesman for the Cypriot government, Nikos Christodoulides, wrote on Twitter about an hour later that Cyprus had not received an invitation for the extraordinary summit.

    If Greece fails to reach a deal with its creditors, including the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Union, in the coming days it may default on its debt and exit the eurozone.

    The creditors have been engaged in months-long negotiations with Athens, demanding that Greece introduce austerity measures, which are not supported by Syriza, in order to unlock additional bailout funds.

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    Financial crisis in Greece (197)

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