Greek bailout extension refused: a panel of leading economists give their verdict

With the country edging closer and closer towards default, our panel examines the current stalemate, the factors behind the crisis and what Greece can do next The shock decision of Alexis Tsipras to call a snap referendum for 5 July, just like the socialist prime minister George Papandreou had tried to do in 2011, has torpedoed any chance of reaching an agreement this weekend. Greece will almost certainly default, or at least will get into arrears if it refuses to - or simply can't - pay the 1.6...