BREAKING: Eurozone Rejects Greek Bailout Request

The eurozone’s finance ministers have rejected the Greek government’s request to extend its EU bailout program through next week’s surprise referendum.

According to FT, the ministers rejected the request after three hours of deliberations and, after a brief recess, were to reconvene their emergency meeting without the Greek delegation to discuss “plan B” — how to protect the rest of the eurozone from a Greek default.


-RW


UPDATE

Details of the Call for a Greek Referendum That Resulted in the EuroGroup Shutting Down Emergency Funding to Greece