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Greek Prime Minister Alexis Tsipras announced on June 26 that a referendum will be called over the bailout deal being proposed for the country by Greece's creditors. The deal is pushed by the "Troika" of the European Union, International Monetary Fund and European Central Bank. Tsipras called an urgent cabinet meeting earlier that day, and later announced to the press plans for the a referendum on July 5. Citizens will be asked “yes” or “no” to creditors’ proposals. Tsipras has asked the Greek ministerial council to call the referendum.

The debt imposed on Greece and its people by creditors directly infringes the human rights of Greeks and is “illegal, illegitimate and odious”, declared on June 17. The finding came as talks between Greece and its creditors finished without a deal on June 18. The International Monetary Fund is threatening the near-bankrupt country with default unless it pays the US$1.7 billion it owes by the June 30 deadline.

Thousands of Greek people took to the streets of Athens on June 17 to reject austerity measures and support the SYRIZA-led government, that day.

For a while in late May, it looked as if negotiations over terms for releasing the last €7.2 billion owed to Greece under its second bailout package with the “Troika” of the European Union, European Central Bank and International Monetary Fund might have some chance of success. The commentary from the SYRIZA-led Greek government's negotiators and from its creditors was of “fruitful discussions” and “meaningful progress”. Greek government spokespeople even spoke of reaching an agreement “within a week or two”, at the latest by the June 18 meeting of the eurozone finance ministers.