ATHENS (Sputnik) – On Saturday, a round of talks on Greece’s bailout ended with no results. The Eurogroup blamed Greece for breaking off talks as Athens announced a July 5 referendum for voters to decide whether to accept the new bailout deal offered by the lenders.
"He [Lew] noted the importance of all parties continuing to work to reach a solution, including both a commitment to reforms and a discussion of potential debt relief for Greece, in the run up to the July 5th referendum. Secretary Lew also stressed the need for Greece to take necessary steps to maintain financial stability in the run up to the referendum, including by working closely with its international partners," the US Treasury said in a Sunday statement.
Greece’s current bailout program expires on Tuesday. On the same day, Greece must deliver the next $1.7-billion payment to the IMF. If the sides fail to reach a deal, Greece may default on its debt and exit the eurozone.
Ahead of the Tuesday deadline Greek banks suspended work for one week, introducing a daily withdrawal limit of 60 Euros ($66) for ATM machines. Tourists will be free of the restrictions, according to the Greek government.
