Uncertainty abound in Greece


ASSOCIATED PRESS: European Union nations voted to reject an extension of Greece’s bailout program, sending the country into uncertainty.

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ASSOCIATED PRESS: European Union nations voted to reject an extension of Greece’s bailout program, sending the country into uncertainty.

Worried Greeks queued outside banks for cash amid the uncertainty, with eurozone finance ministers deciding to hold a meeting without Greece to assess how to keep the euro currency union stable in the face of heightened risks that Greece could drop out.

Prime Minister Alexis Tsipras shocked Greece’s creditors late Friday when he called for a referendum in a week on whether to accept the reforms that the rescue lenders want in return for more financial aid. The country’s bailout program ends Tuesday. Without an extension or more loans from creditors, Greece is likely to be in arrears on a debt payment Tuesday and its banks face the risk of collapse.

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