Greek MPs back referendum on bailout

[Bosonic]

Source: BBC

Greece's parliament has approved controversial plans to hold a referendum on international creditors' terms for a bailout.

The vote, proposed by Prime Minister Alexis Tsipras, is set for 5 July.

On Saturday, eurozone finance ministers rejected a Greek request to extend the bailout programme beyond 30 June.

Greece has to pay €1.6bn (£1.1bn) to the IMF on Tuesday. Without new funds, there are fears Greece may leave the euro and its economy may collapse.

Read more: http://www.bbc.co.uk/news/world-europe-33302526

[geek tragedy]

1. Kabuki referendum scheduled after Greece will default.

At that point, Greece's bank system collapses and there won't be a bailout to
vote on.

Greek voters won't be too happy when they realize what a sham this is.

Then again, that will be the least of their problems.