Greece’e prime minister has announced a snap referendum on July 5th in a desperate last ditch attempt by the government to get creditors to back down over demands they are making to secure its eurozone future.
Prime Minister Alexis Tsipras called the surprise vote having spend Friday night holed up in an emergency meeting with his cabinet.
The question to be put before voters is whether or not the country is willing to submit to the conditions being demanded by Greece’s creditors.
His decision comes as eurozone finance ministers were told they have less than 24 hours to secure an agreement with the government at an emergency meeting in Brussels on Saturday.
Without a deal, Greece faces a debt default on June 30 and a collapse of its banking system as early as Monday.