No bailout 'Plan B', EU warns Greece

The European Commission insisted today it isn’t bluffing over the euro crisis - if Greece does not vote for more austerity tomorrow there is no more EU bailout money.

EU Economics Commissioner Olli Rehn said: “I trust that Greek political leaders are fully aware of the responsibility that lies on their shoulders to avoid default: the only way to avoid immediate default is for parliament to endorse the revised economic programme.”