Page 52 - Bailout Program News Today

Way. >> reporter: the existing bailout program expired and no proposals for a new one on the table its unclear what sundays referendum question will be. as greek banks remain closed and pensioners take to the streets in protest, tsipras insists he wants to stay in the euro club but play by his own rules. and natalie, the latest polls puts 47 saying yes, 43 saying no. that is the latest poll conducted here. >> pretty close. thank you so much. we appreciate it. isa soares for us in athens. now let...

That theyre going to double up now on anything having to do with the iran negotiations the republicans. theyre not going to give him another victory. >> well i dont know if youd call it a victory giving away the store to the iranians. >> we dont know whats in the deal. >> yeah. >> for one half of whats in the deal is whats been leaked, its in the deal i would say voting it down would be a victory for america. you know john kerry. you know a lot of the players here. do you really think that were ...

That surprised the euro group and they asked for an extension and a two-year bailout program. so 2010 2012 and again they want one now for 2015. at the core their argument seems to make sense. they say their debt is too high. lets look at the big number. that is $351 billion for greeces debt. that is using a conversion from 317 billion euros. $351 billion. that means that greece has the highest debt in the euro group, at 177% of gdp. it is above italy at 132. and others who have gone through d...

Senior foreign affairs correspondent greg palcott has the latest in athens. >> reporter: greece was entering uncharted financial territory. a $18 billion eu bailout program aimed at dealing with the countrys massive debt was expiring after greece and the e.u. failed to reach an agreement on reforms. an early $2 billion loan repayment to the imf was being missed. technically at least placing greece in default, close to bankruptcy and an exit from the euro. >> im here to declare that -- >> reporte...

Described in default and that leads to bankruptcy and might lead to the eurozone falling out around them here in greece. also, at about the same time $18 billion eu loan bailout program also expired. that could be big trouble because greece has already lost emergency liquidity funds from the european central bank, and that has caused trouble at banks. we have seen lines and lines of desperate people at atms and its getting very hard to get by here in greece. and frankly greta it hasnt been a ver...

>> and this is not the picture anyone wants to be seeing developing in greece. the government failed to make tuesdays $1.7 billion loan payment and european creditors denied a request for more time. that request came in a form of a letter to the euro group whose president spoke to cnn before the deadline. >> the part of the request about the extension of the old program is practically impossible and the political context and the stance of the greek government hasnt changed. the old program will ...

To meet a midnight deadline to make a debt payment of nearly $2 billion. banks are closed against today, and atm restrictions are also in place as greeks try to pull out their money. lets go to chief correspondent michelle cabrera. what can you tell us about this new proposed bailout deal thats being brokered? >> reporter: well, its been offered, definitely. weve heard that drebtirectly from the prime ministers office. they put out a statement. the chances of them getting it done before toeptnig...

Rumors because it is a high stakes situation here. greece can no longer pay its bills. expected to default on the $1.7 billion payment to the imf. the bailout program for greece expires today. it is tumbling from the eurozone today unless something amazing happens in the next 24 hours. all of that caused a global sell off. yesterday, the dow down 350 points. what is happening in the u.s. right now? futures are looking optimistic. john berman there is a feeling there has to be a diplomatic last-d...

Which essentially will cause greece to default on its own debt come midnight tonight. athens time. what have they done? the government asked for more money from the european creditors. its sent a proposal to brussels saying, well we would like -- what about a third bailout program for the next two years of $30 billion? now, this proposal has been received to say the least with the cold shoulder by german chancellor merkel while others are discussing to accept or not the proposal but the general ...

Theres a 60 euro limit of withdrawals on atms. thats equivalent of $67 a day and markets here at home and abroad plunging as a result. the dow, s&p and nasdaq trading lower earlier. how will the crisis spill over to the u.s.? heres what white house press secretary josh earnest has to say last hour. >> there is minimal u.s. direct u.s. exposure to greece. and thats why, you know we can say pretty definitively greece does not pose a major direct risk to the united states banking system. >> stock m...