"Our responsibility is for the future of our country. This responsibility obliges us to respond to the ultimatum through the sovereign will of the Greek people," Tsipras said in a televised address to the nation.He said he would respect the outcome of the vote, but hinted that the demands made by Greece's creditors "clearly violate European social rules and fundamental rights", and said that if applied would asphyxiate Greece's flailing economy and aim to humiliate the Greek people.
Tsipras said he has informed French president Francois Hollande, German chancellor Angela Merkel and European Central Bank president Mario Draghi.
As most would understand, this story is still developing. HellaFrappe will be following the events throughout Saturday, especially when the Greek Parliament convenes to formalize the referendum. Stay tuned.