Greece Says Still Time To Reach Bailout Deal

Greek Finance Minister Yanis Varoufakis listens to questions during a media conference after a meeting of eurogroup finance ministers in Brussels on Saturday, June 27, 2015. Anxiety over Greece's future swelled on Saturday after Prime Minister Alexis Tsipras' call to have the people vote on a proposed bailout deal. (AP Photo/Virginia Mayo)

BRUSSELS – Greece’s Finance Minister says there is still a chance his country could reach a bailout deal with creditors, despite the latest breakdown in talks.

Eurozone finance ministers on Saturday rejected Greece’s request for an extension to its bailout program so that it could put the creditors’ bailout proposals to a popular vote July 5. Greece’s bailout program expires on Tuesday and it is unclear whether it can support its banks after that date without a deal with creditors.
Yanis Varoufakis says the eurozone finance ministers would continue their meeting without Greece on Saturday night to evaluate the consequences of the recent decisions.

He told reporters, however, that there is still the “possibility of negotiating through the day and through the night and through the day ahead of us in the coming days to improve the agreement.”