Greece PM Tsipras Calls for 5th July Vote

After nearly six years of bailouts and brinkmanship, Greece and its creditors are staring down the barrel of a gun Friday as they face a weekend deadline to seal a reforms-for-rescue deal—or ensure a missed payment by Greece.

In what analysts and markets see as the final deadline, Greece has to reach a deal with creditors Saturday or it will fail to make a crucial debt payment due to the International Monetary Fund on Tuesday.

On Friday evening, Greek Prime Minister Alexis Tsipras called for a vote on the bailout proposals that he described as unbearable and humiliating.