02:22 GMT +318 October 2019
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    Spanish Prime Minister Mariano Rajoy

    Situation to Become Hopeless if Greeks Say ‘No’ at Referendum - Spanish PM

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    If Greeks vote "No" on the bailout terms offered by the international creditors at the Sunday referendum, the situation will become desperate, Spanish Prime Minister Mariano Rajoy said Sunday.

    MADRID (Sputnik) — The Spanish prime minister said that the Greek crisis might have an effect on Spain and other EU states.

    "If ‘No’ wins, the situation will be hopeless. If the ‘Yes’ supporters win, the situation will be nearly hopeless," Rajoy said.

    According to the prime minister, an extraordinary Eurogroup meeting may take place in Brussels on Wednesday.

    "Currently, we can say: whatever happens in Greece, the euro will stay and Spain will be an important part of the euro," Rajoy said, stressing that he hopes Greece will stay in the eurozone.

    According to the prime minister, an extraordinary Eurogroup meeting may take place in Brussels on Wednesday.

    The Greek government has repeatedly stressed that a 'No' vote on the creditors' bailout plan at the referendum would not mean Greece leaving the eurozone.

    On Tuesday, Athens failed to make a $1.7-billion payment to the International Monetary Fund (IMF), one of the country’s biggest international creditors, after another round of talks between Greece and its creditors had ended without compromise.

    Greece owes a total of about $270 billion to its international creditors, comprising the IMF, the European Central Bank and several eurozone nations.

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    Tags:
    European Union, debt crisis, bailout program, referendum, Eurozone, Mariano Rajoy, Spain, Greece
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