Greece Drama to Continue as Tsipras Called for Referendum Euro ended last week broadly lower, together with Swiss Franc, on endless Greek debt negotiations. The drama stepped up to another level as Greek prime minister Alexis Tsipras announced on Saturday to hold a referendum on whether to accept the demands of the international creditors. The date for the vote will be on July 5 which is after the deadline of June 30 when Greece is required to repay EUR 1.5b to IMF. Eurozone finance ministers are supposed to meet on Saturday to discuss an extension of bailout program to Greece till November. But it's reported that after the announcement of referendum, Germany has decided not to support the extension. It's viewed by some analysts that even if Greece fails to repay IMF on June 30, it wouldn't be considered a "default" technically. But now, EU leaders are believed to be seriously considering a so called "Plan B" and the uncertainty will only increase with time before the vote. Euro would most likely stay pressured. Full Report Here... | 
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