Greek Prime Minister Alexis Tsipras called Friday for an emergency referendum to decide whether the nation should accept its creditors' terms for the bailout. Greek citizens, who are divided on the matter, will vote July 5, The Wall Street Journal reports.
The eurozone terms would include pension cuts and sharp tax rises. Tsipras' surprising move comes after five months of negotiations held in an attempt to avoid default in the debt-saddled nation.
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