European creditors have given Greece five days to reach a deal to bail out its floundering economy. On Sunday, Greek voters overwhelmingly rejected further budget cuts and tax hikes in exchange for the bailout. As Greek banks remain closed, European leaders have given Greece until the end of Thursday to present a detailed reform plan ahead of a summit in Brussels this coming Sunday. Donald Tusk, president of the European Council, said this week’s deadline is final.

Donald Tusk: “The stark reality is that we have only five days left to find the ultimate agreement. Until now, I have avoided talking about deadlines, but tonight I have to say it loud and clear, that the final deadline ends this week. All of us are responsible for the crisis, and all of us have a responsibility to resolve it.”