01:16Greece: Thousands urge for "yes" vote on bailout referendum
Thousands of Greeks swarmed Syntagma Square in Athens, Tuesday, to encourage people to vote 'yes' in the upcoming referendum on Sunday - which gives the Greek people the right to choose whether to accept the bailout conditions of the institutions. Greek police reportedly estimate 20,000 to have participated in the rally.
The government's current bailout expires on Tuesday when the country is due to pay the IMF €1.6bn (£1.1bn). A 'No' vote by the Greek people would reject new austerity measures that are demanded by Greece's creditors, the EU, the IMF and the ECB, while a 'Yes' would accept the institutions' course for a new Greek bailout package.
The Greek government closed the country's banks and imposed capital controls on withdrawals until July 6, the day after Greeks are due to vote in the referendum on whether to reject the bailout terms proposed.
01:16Thousands of Greeks swarmed Syntagma Square in Athens, Tuesday, to encourage people to vote 'yes' in the upcoming referendum on Sunday - which gives the Greek people the right to choose whether to accept the bailout conditions of the institutions. Greek police reportedly estimate 20,000 to have participated in the rally.
The government's current bailout expires on Tuesday when the country is due to pay the IMF €1.6bn (£1.1bn). A 'No' vote by the Greek people would reject new austerity measures that are demanded by Greece's creditors, the EU, the IMF and the ECB, while a 'Yes' would accept the institutions' course for a new Greek bailout package.
The Greek government closed the country's banks and imposed capital controls on withdrawals until July 6, the day after Greeks are due to vote in the referendum on whether to reject the bailout terms proposed.