After Greece’s bailout programme expired and Greece failed to repay the IMF loan, Prime Minister Alexis Tsipras said he was prepared to accept the demands of the creditors demands for a bailout programme, but with small changes, reported the Financial Times.
The deadline on Greece’s bailout expired after a tense weekend during which Tsipras announced he would put a deal proposal by Greece’s international creditors to a referendum on 5 July and urged a “no”’ vote.
European officials and Greek opposition parties said that a “no” vote would mean Greece will leave the Euro zone and possibly even the European Union.
Meanwhile, pensioners gathered at banks for hours from before dawn in a bid to withdraw 120 euros ($134) for the week, after Greece reopened some banks to help those who don’t have bank cards.
Greeks are now limited withdraw 60 euros ($67) a day from ATMs. Without special permission, they cannot send money abroad or make international payments.