Germany's Merkel Won't Negotiate New Greece Deal Before Referendum

By MarketWatch Pulse

German Chancellor Angela Merkel on Tuesday said Germany was unwilling to talk with Athens about a new bailout program ahead of a July 5 Greek referendum, Reuters reported. "Before a referendum, as planned, is carried out, we won't negotiate anything new at all," she said. Greece on Tuesday proposed a two-year bailout plan in a last-ditch effort to reach a deal before the expiration of its current program at the end of the day. Merkel indicated it was too late to vet a proposal, blaming the Greek government for allowing the current program to expire, the report said.

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