Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
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Prime Minister Alexis Tsipras called a referendum on whether Greece should accept the demands of the country’s creditors, the most dramatic move yet in a debt crisis that started five years ago.
In a nationally televised address after midnight in Athens, Tsipras announced the July 5 vote and excoriated a take it-or-leave it offer as a violation of European Union rules and “common decency.” Deputy Foreign Minister Euclid Tsakalotos said the government has no plans to impose capital controls and banks will stay open on Monday.