New Economic Proposals From Greek PM

Greek Prime Minister Alexis Tsipras presented new economic proposals to European leaders Tuesday; this after the country soundly rejected the austere bailout terms offered by its creditors in a referendum during the weekend. The Eurogroup of finance ministers are met in Brussels to discuss the situation and leaders of the 19-country eurozone, which all use the euro currency, will then hold an emergency summit to discuss how to respond. The outlook for Greece remains unclear amid fears it could be forced to leave the eurozone if it can’t negotiate a way to repay $3.9 billion in debts.

Tom Rivers joined us from London to discuss.