The eurogroup is said to be already focusing on Plan B, to deal with a possible Greek default and exit from the eurozone. Jeroen Dijsselbloem president of the eurogroup expressed surprise and disappointment at the sudden Greek decision and said it closed the door on future talks. German Finance Minister Wolfgang Schaeuble also claimed the call for a referendum meant that negotiations were over. The Greek debt crisis however has been far from predictable except for the fact that the Greek government has not been able to persuade the eurogroup and other creditors to pay any attention to its demands for relief from crushing austerity conditions.
BBC News reports Greece timeline: Key dates ahead
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Ken is a retired philosophy professor living in the boondocks of Manitoba, Canada, with his Filipina wife. He enjoys reading the news and writing articles. Politically Ken is on the far left of the political spectrum on many issues.