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Wednesday, July 1, 2015

Greek government aims for deal with creditors on Monday

The Greek government aims to secure deal with creditors on Monday, a day after a referendum in which Greeks will vote on whether to accept or reject a bailout offer made by lenders last week, Finance Minister Yanis Varoufakis said on Wednesday. In an interview with Greek state television, Varoufakis said that Athens was willing to accept "strict" conditions of a new bailout package, if in exchange the sustainability of Greece's debt were guaranteed. Greek banks have been closed since Monday, and the government has imposed capital controls in an effort to prevent a collapse of the banking system after an impasse in negotiations with creditors led to a massive outflow of money from local lenders.


READ THE ORIGINAL POST AT uk.news.yahoo.com