Greek debt crisis: Latest

Greek debt crisis: EU Commission president Jean-Claude Juncker says he feels 'betrayed'

European Commission president Jean-Claude Juncker has defended proposals rejected by Greece to resolve its debt crisis, adding that he feels a "little betrayed".

The comments came after Greek prime minister Alexis Tsipras blindsided creditors by calling a referendum on the austerity cuts in the aid package proposed by the creditors andannouncing capital controls to prevent banks from collapsing.

The Greek government will keep banks shut at least until after July 5 — the date of the referendum — and withdrawals from automated teller machines have been limited to 60 euros a day.

The stock exchange will also stay shut.

Mr Juncker said the referendum was a "moment of truth" for Greece, adding that Greek voters would be rejecting the European Union if they voted 'No' on Sunday.

"After all the efforts I deployed from the commission, I feel betrayed because these efforts were insufficiently taken into account," Mr Juncker said, adding it would have led to no wage or pension cuts and created more social fairness.

"This is not a stupid austerity package."

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