Eurogeddon: Greece told to make decision on future TONIGHT or face expulsion from the euro

GREECE has been told it must decide whether to accept the terms of an international bailout TONIGHT or risk imminent expulsion from the euro.

In a series of dire warnings to the crisis-ravaged country European leaders said time is running out to save its place in the single currency bloc.

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Tonight Dutch prime minister Mark Rutte issued the most robust warning yet to the beleaguered country, telling it to agree to the bailout terms now or “it is over”.

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Asked what would happen if Greek premier Alexis Tsipras tried to use last night’s referendum result to wrestle concessions other European countries, he replied: “Then I think it is over”.

He told the Dutch parliament: “If things stay the way they are, then we’re at an impasse. There is no other choice, they must be ready to accept deep reforms.

“They must make a decision, this evening or tonight, what they are going to do. Whether they are going to come with a serious plan or not.”

His blunt intervention followed similarly forthright statements from the leaders of the eurozone’s two biggest economies.

Germany Chancellor Angela Merkel told Greece that “time is of the essence” if a deal is to be salvaged.

She said: “It will be important tomorrow that the Greek prime minister tells us how things should proceed and what precise suggestions he can submit to us for a medium-term programme that will lead Greece to prosperity and growth again.”

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Greek banks, which have been closed all week and rationing withdrawals from cash machines, are expected to run out of money within days unless the European Central Bank (ECB) provides an emergency lifeline.

However central bankers warned before the vote that a ‘No’ would make it almost impossible for the ECB to turn on the taps, leaving the Greek financial system without funds and facing imminent collapse.

Full article: Eurogeddon: Greece told to make decision on future TONIGHT or face expulsion from the euro (Express)