Monday, June 29, 2015
Addressing the Greek people in a televised statement following the meeting, Prime Minister Alexis Tsipras said that after five months of tough negotiations, Greece’s creditors submitted a “proposal-ultimatum at the Eurogroup meeting, taking aim at Greek democracy and the Greek people,” that contravened the founding principles and values of Europe.
If accepted, these proposals would add to the already unbearable burden shouldered by the Greek people, further undermining economic and social recovery as well as exacerbating social inequalities; they "directly violate the European social acquis and the fundamental rights to work, equality and dignity," and are far-removed from any prospect of a beneficial agreement for all parties.
In the early hours of Sunday (27.6) morning, the Greek parliament approved the motion for the referendum with 178 votes in favour, 120 against, and two abstentions.
- Bank Restrictions
Following the Eurogroup's decision (on Saturday, 26.6) not to extend Greece's programme and the subsequent European Liquidity Assistance (ELA) cap imposed by the European Central Bank (ECB), the Bank of Greece was forced to recommend capital controls and a bank holiday today. Limits have also been set on daily withdrawals until the day after the referendum (6 July).

The premier noted he was sending a request for a short extension once again, this time to the President of the European Council and to the 18 Heads of State of the Eurozone, as well as to the heads of the ECB, the European Commission and the European Parliament.