Greece default is inevitable - the country can afford to pay the debt of one billion 600 million to the International Monetary Fund, which expires today.

In this situation, the country"s Prime Minister is pinning hope on the upcoming referendum.

Prime Minister Alexis Tsipras has urged Greeks to reject the terms of an international aid deal in a July 5th referendum, dismissing warnings that a ‘No’ vote would drive Athens out of Europe’s currency union.
“I don’t think that their plan is to push Greece out of the euro but to end hopes that there can be different policies in Europe, ” Mr Tsipras told Greek state television.
Alexis Tsipras stated that if the anti-crisis plan is supported by the a majority of the population, he and his team could retire

The European Council President, Donald Tusk warned Greece that if the anti-crisis plan proposed by the lender is rejected, the negotiations with Athens will be seriously complicated.

The Greek crisis was the main topic of conversation between Barack Obama and Francois Hollande.