Greece Parliament Rejects Creditor Offer

TEMPO.CO, Greece - Greece Prime Minister Alexis Tsipras urged the parliament to reject the bailout proposal in the vote on July 5.  Those three creditor bodies are the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), demanded reforms in return for loans.

Tsipras claimed the motion on a referendum easily won support with at least 179 of 300 parliament members in favour on Sunday, June 28. Prior to the voting, Tsipras described the creditors' proposal as "an insulting ultimatum" and said an emphatic "no" would strengthen Greece's negotiating position, the BBC said.

According to IMF Director Christine Lagarde, the voting on July 5 is invalid because Greece’s bailout program would have expired by then. “Any referendum would relate to proposals and arrangements which are no longer valid,” she said.

However, if there was a "resounding 'yes'" to staying in the eurozone, then the creditors are willing to consider in providing assistance.

Currently, Greece is amid failure to pay a debt of 1.6 billion euro or about Rp22 trillion to the IMF which will be due this Tuesday.  By rejecting bailout from creditors, the country's future in the eurozone looks increasingly at risk.

BBC | URSULA FLORENE SONIA