Tsipras vows to hold Greek referendum, wants to stay in the euro

Greek Prime Minister Alexis Tsipras urged Greeks on Wednesday to vote "no" in the upcoming referendum on Greece's bailout, saying that "no" does not mean exit from the euro, but rather a strong stance to continue the negotiations toward a "sustainable solution" to the Greek debt. "No does not mean rupture with Europe but return to Europe with values," Tsipras said, in a televised address to the nation. He also claimed that rumors that he has a secret plan for a Grexit if the "no" vote prevails are "lies" aimed at influencing the outcome of the referendum. He called upon creditors and the international community to respect Greek democracy and the right of citizens to vote for their future. The Greek PM remained determined to hold a referendum on July 5, but added that he would be open to a new positive proposal coming out of Wednesday's Eurogroup meeting. Tsipras also tried to calm fears over recent capital controls, promising that salaries, pensions and bank deposits will be guaranteed.

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