European equities are expected to open lower Thursday after Greece and its creditors clashed yet again over any new financial aid for the country.
Hopes among investors that a deal could be struck with lenders were raised on Wednesday after Greek Prime Minister Alexis Tsipras appeared ready to offer some concessions on reforms.
Later Wednesday evening, however, he seemed to turn against the lenders again. In a television address, he urged the public to vote "no" in a referendum on whether to accept a bailout deal and the austerity that would entail.
Following a meeting of the Eurogroup of euro zone finance ministers, the head of the group Jeroen Dijsselbloem said that there would no further discussion of credit to Greece until after Sunday's referendum. Also putting pressure on Greece, the European Central Bank (ECB) maintained funding for Greek banks at the current level.
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