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Greek parliament approves bailout referendum

  • Greek lawmakers have now authorized Prime Minister Alexis Tsipras' proposed July 5th bailout referendum, increasing the chances Athens will default on a key payment to the IMF on Tuesday and exit the eurozone.
  • Finance ministers on Saturday rejected Greece's request to extend its current bailout in order to cover the period leading up to the vote.
  • As uncertainty hits the nation, anxious Greeks are lining to withdraw cash. More than a third of the country's ATMs ran dry yesterday and there are worries banks will not open after the weekend.
  • Greek banks: OTCPK:ALBKY, OTCPK:BPIRY, OTCPK:EGFEY, NBG
  • ETFs: GREK
  • Previously: Greece's Tsipras sets July 5 referendum on bailout (Jun. 26 2015)

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