DHAKA: Greece will hold a referendum on 5 July on a controversial bailout deal with foreign creditors, Prime Minister Alexis Tsipras has announced.

In a televised address, he described the plan as "humiliation" and condemned "unbearable" austerity measures demanded by creditors, reports bbc.com

The Greek government earlier rejected the proposals, aimed at avoiding the country defaulting on its debt.

Greece has to make a €1.5bn ($1.7bn; £1.06bn) IMF debt repayment on 30 June.

In the speech, Alexis Tsipras said: "These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people."

"The people must decide free of any blackmail," he added.

Alexis Tsipras was speaking just hours after talks in Brussels, where the creditors offered a five-month extension to Greece's bailout programme.

BDST: 1000 HRS, JUN 27, 2015
RS