After nearly six years of bailouts and brinkmanship, Greece and its creditors are staring down the barrel of a gun Friday as they face a weekend deadline to seal a reforms-for-rescue deal—or ensure a missed payment by Greece.
In what analysts and markets see as the final deadline, Greece has to reach a deal with creditors Saturday or it will fail to make a crucial debt payment due to the International Monetary Fund on Tuesday.
On Friday evening, Greek Prime Minister Alexis Tsipras called for a vote on the bailout proposals that he described as unbearable and humiliating.
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