Greek MPs vote in favour of 5 July referendum on bailout terms

Greek MPs have voted in favour of a referendum to be held on the demands being made by the country's international creditors.

The vote, due to take place on 5 July, was passed with at least 179 of the 300 member parliament supporting Prime Minister Alexis Tsipras's calls to reject the terms set forth by Eurozone finance ministers, which he had described as an "insulting ultimatum".

Greece's creditors have said they will not provide the country with a further instalment of the bailout unless it meets their requirements.

The vote came after the government rejected the creditors' latest bailout terms, which would have extended the bailout programme by a further five months in return for it agreeing to reforms. The current programme runs out on Tuesday.

Also on Sunday morning, the head of the International Monetary Fund (IMF), Christine Lagarde, told the BBC that if Greeks support the country remaining in the euro and want to repair the its economy, then the IMF and its other creditors would be willing to try and support this.

The broadcaster also said it understood the European Central Bank was expected to end emergency lending to Greece's banks later that day.