Eurogroup refuses to extend bailout program to Greece before referendum

The Eurogroup has refused to extend the bailout program to Greece until it passes the results of the referendum, said Finance Minister of Finland Alexander Stubb at Tuesday’s teleconference.

The Eurogroup rejected two of the three terms proposed by the Greek prime minister Alexis Tsipras, Stubb added.

The request included a restructuring plan for Greek debt to the European Financial Stability Facility that accounts for about 63 percent of the Greece's total debt .... http://rt.com/business