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Francois Hollande

Greeks warned that rejecting bailout terms won't elicit better offer

Greeks warned that rejecting bailout terms won't elicit better offer

International lenders owed $270 billion from Greece for five years of bailouts warned Thursday that a "no" vote in a referendum on their final offer for another extension won't elicit an easing of its austerity terms. Jeroen Dijsselbloem, head of the Eurogroup that coordinates monetary policy for the 19 countries using the euro currency, urged Greek voters to not take the advice of their government, which argues that voting against the new lending proposals in Sunday's referendum will force creditors to ease their austerity demands. "The Greek government is rejecting everything with the suggestion that if you vote 'no' you will get a better or less...

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