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Greece debt crisis live: Angela Merkel refuses to negotiate new bailout deal until after referendum | |
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Alexis Tsipras has said that Greece will accept all bailout conditions proposed by the country’s creditors with only a handful of minor changes. | |
In a letter sent to the European Commission, the International Monetary Fund and the European Central Bank and seen by the Financial Times, Tsipras expanded his idea for a new, third €29.1 billion rescue package. | |
The second bailout package expired last night when Greece failed to meet a €1.6 billion IMF debt repayment. Tsipras then prosposed a third package and a new set of 11 conditions - along with a note saying Greece was prepared to accept the troika's proposals, which he received on Sunday. | |
Angela Merkel has said the lenders will not negotiate a further bailout package until after the Greek referendum on whether the public want to accept the lender's proposals. The referendum is due to take place on Sunday. | |
Most Greeks will still vote 'no' to the bailout terms proposed by the troika, though public opinion warmed towards the proposals after the banks closed earlier this week, according to a poll. |