Greece parliament approves referendum as banks near collapse

Greek parliament
(Image credit: Milos Bicanski/Getty Images)

Greece's parliament voted early Sunday to approve Prime Minister Alexis Tsipras' proposed July 5 referendum on whether the nation should accept the most recent bailout deal proposal from creditors, The New York Times reports.

The vote will come days after Greece's June 30 deadline for repaying a $1.8 billion debt to the International Monetary Fund and the expiration of the bailout program. Eurozone finance ministers rejected Greece's request for a one-month program extension.

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Julie Kliegman

Julie Kliegman is a freelance writer based in New York. Her work has appeared in BuzzFeed, Vox, Mental Floss, Paste, the Tampa Bay Times and PolitiFact. Her cats can do somersaults.