Greek debt: Merkel dismisses Tsipras's last-ditch compromise plan

German chancellor reiterates stance of no new negotiations with Athens until after Sunday’s referendum on bailout

Angela Merkel’s intervention closes the door on the latest attempt by the Greek PM to extend Greece’s bailout, which expired on Tuesday, leaving it unable to pay its debts. Photograph: Fabrizio Bensch/Reuters

Jennifer Rankin in Brussels-Wednesday 1 July 2015

Germany has dismissed a last-ditch compromise plan from Greece that bowed to some key demands of its creditors.

In an address to the Bundestag, the German chancellor, Angela Merkel, reiterated her stance that there was no point in having talks with the government of Alexis Tsipras before a referendum in Greece on an EU bailout plan.

Greek Debt Merkel Dismisses Tsipras's Last-ditch Compromise Plan by Thavam Ratna