According to the foreign media reports, a meeting of the Euroworking Group on Saturday had a dramatic conclusion for the leftist Greek government in Athens — and by extension, the whole country.

As decided, an extension of the Greek bailout program requested by Greek PM Tsipras has been turned down. This basically leaves the country “hanging” after June 30 in terms of funding needs, as the second bailout program runs out.

According to reports, creditors took back the offered deal before the Eurogroup, something that government critics charge render the Tsipras government’s called referendum without any substance. The ball is now in the Eurogroup’s proverbial court.

Eurozone FinMins were meeting in the early afternoon in Brussels.