“The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at midnight,” Eurogroup President Jeroen Dijsselboem said on Wednesday after eurozone finance ministers held a conference call to discuss the Greek crisis.

“The main decision was that, given the political situation, the rejection of the previous proposals, the referendum which will take place on Sunday, and the recommendation by the Greek government to vote No, we see no grounds for further talks at this point,” Dijsselboem said. “We will simply await now the outcome of the referendum on Sunday and take into account the outcome of that referendum,” he added.

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