Eurozone finance ministers have refused to extend Greece’s bailout program, just hours before its expiry and a possible IMF default.Slovakia’s finance minister says parliamentary procedures prevent the program from being extended, but talks are set to continue.
It comes after Greece admitted it won’t meet the deadline for the key payment to the International Monetary Fund.Greek Prime Minister Alexis Tsipras requested a two-year rescue deal with the European Union to save the crisis-hit country, just hours before its international bailout expires later on Tuesday.
Tsipras also requested a short extension to its current bailout program to avoid a ‘technical default,’ with a 1.5 billion euros ($A2.20 billion) payment due to the IMF.
source:skynews.com.au
STUDIO 3 NEWCASTLE AUSTRALIA 