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Eurogroup refuses Greece bailout extension request: Slovakia

AFP
A pro-European Union protester holds a small flag which reads,''YES'' during a demonstration in front of the parliament in Athens on June 30, 2015

Eurozone finance ministers have declined to extend Greece's bailout, Slovakia said Tuesday, as the clock ticked down to its expiry and a default at 2200 GMT.

"Last deadline for Greece program extension was weekend. Due to parliamentary procedures, unable to extend program beyond today," Slovakia's Finance Minister Peter Kazimir wrote on Twitter following a conference call to discuss the last-minute proposal.

However a government source says on the crisis will be held on Wednesday.

"The Eurogroup just finished. We will continue tomorrow morning to allow finance ministers to examine the proposals of the Greek government," the source said.