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No Greek deal before referendum: Schaeuble

GERMANY'S finance minister has lashed Greece's leaders for their mixed signals and insists no deal will be possible before the referendum on the bailout.

Greece has asked the IMF to extend the payment deadline on a key debt repayment.
Greece has asked the IMF to extend the payment deadline on a key debt repayment.

GERMAN Finance Minister Wolfgang Schaeuble says a deal between debt-racked Greece and its creditors won't be possible before its referendum on bailout terms as the Greek PM prepared to address the nation.

ATHENS has sent an "amended" proposal to creditors in the hope of staving off financial ruin, but Schaeuble said "before the referendum there is indeed no basis" to strike an agreement.

Original URL: https://www.news.com.au/world/breaking-news/greeces-bailout-expires-country-defaults/news-story/537bd62b10acb406c4e4d78af7baec2b