Greece Will Hold Pivotal Vote
Athens, Greece — Greece’s parliament voted early today in favor of Prime Minister Alexis Tsipras’ motion to hold a July 5 referendum on creditor proposals for reforms in exchange for loans, with the country’s future in the eurozone looking increasingly shaky. Tsipras’ surprise call stunned Greece’s international debt negotiators, and the country took a big step closer to falling out of the euro currency union after fellow eurozone...
Greece Debt Talks Crumble
Last-ditch negotiations in Brussels between Greece and its creditors collapsed after just 45 minutes on Sunday, setting up a week that could decide the fate of Europe’s most indebted country. The euro dropped as the European Commission said the talks had broken up with the divide between what creditors demanded and what Greece was prepared to do unbridged. The focus now shifts to a June 18 meeting in Luxembourg of euro-area finance...
