Radical left leader Alexis Tsipras says bailout deals are ` ` null and void '' When angry voters went to the polls on May 6 , they punished politicians who imposed the austerity measures , greatly reducing the number of seats held by the center-right New Democracy party and the Socialist PASOK party . Politicians refuse to make a deal after nine days of talks . Greek debt threatens the stability of Greece 's single currency . Markets in Europe fall on the news that no deal has been reached .
Radical left leader Alexis Tsipras says bailout deals are ` ` null and void '' Politicians refuse to make a deal after nine days of talks . Greek debt threatens the stability of Greece 's single currency . Markets in Europe fall on the news that no deal has been reached .