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Emergency eurozone summit on Greece on Tuesday

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Emergency eurozone summit on Greece on Tuesday

Post by Admin on Sun Jul 05, 2015 9:29 pm

Eurozone nations will hold an emergency summit on Tuesday to discuss the Greek referendum "No" result after the German and French leaders called for a meeting, EU president Donald Tusk said.

The special meeting comes as Brussels reels with the implications of what the head of the Eurogroup of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a "very regrettable" decision.

"I have called a EuroSummit Tuesday evening at 18h (1600 GMT) to discuss situation after referendum in Greece," Tusk said on Twitter on Sunday after Greek voters said a resounding "No" to creditor demands for further austerity in return for bailout funds.

It will come just 15 days after another eurozone summit called by Tusk failed to seal a deal between Greece and its EU-IMF creditors.

The Eurogroup will also hold a meeting on Tuesday before the summit to "discuss the state of play", Dijsselbloem said, while deputy finance ministers from the eurozone will meet on Monday.................

Read further at link: businessinsider.com


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