Europe won't let Athens go under, says Greek minister

July 05, 2015 12:42

Greece's finance minister accused creditors of trying to "terrorise" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout terms.

After a week in which Greece defaulted, shuttered its banks and began rationing cash, Greeks vote on Sunday on whether to accept or reject tough conditions sought by international creditors to extend a lending lifeline that has kept the debt-stricken country afloat.

The left-wing government is urging a 'No' vote, saying Greece's European partners are bluffing when they warn that would mean a Greek departure from Europe's single currency, with unforeseeable consequences for Greece, Europe and the global economy.

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