Economics
Greece Pressured to Bow to Deal, Tsipras Said to Plan Referendum
Making Sense of the Proposed Greek Creditors Extension
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Greek officials are bracing themselves for a final round of negotiations with their creditors as Skai reported that Prime Minister Alexis Tsipras is poised to call a referendum on whether to accept the terms of a new bailout.
Going into the 2 p.m. Saturday meeting in Brussels, the Greek position was that the offer was unacceptable. While German Chancellor Angela Merkel touted the five-month bailout extension as “very generous,” Tsipras compared its terms to an “ultimatum” and “blackmail.”