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EU finance ministers in emergency meeting after Greece rejects bailout deal

Saturday, June 27, 2015 - 01:42

Eurogroup Pressident Jeroen Dijsselbloem discusses Greek rejection of EU deal that could result in default and exit from the Euro. Rough cut (No reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) Story: EU finance ministers convened an emergency meeting on Saturday (June 27) to discuss options after Greece broke off negotiations over a reform package to avoid a financial default. Greek Prime Minister Alexis Tsipras rejected the EU deal late Friday (June 26) and has called for a referendum set for July 5 on the proposed austerity measures. As it stands now, Greece is poised to default on its $1.6b International Monetary Fund debt that's due on Tuesday (June 30). EU finance ministers expressed concern and regret over the Greek move, and indicated there was little room left to negotiate further. "The process wasn't finished as far as we are concerned. The proposals weren't definitive, they weren't formally discussed or decided upon in the Eurogroup," Eurogroup President Jeroen Dijsselbloem told reporters on Saturday during a news conference. "We will reconvene directly after this press conference to look at further steps to take, determined as we are to maintain the strength and credibility of the Eurozone," said Dijsselbloem.

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EU finance ministers in emergency meeting after Greece rejects bailout deal

Saturday, June 27, 2015 - 01:42