EP President Martin Schulz said the EU institutions are appealing to the Greek people to vote in favour of their proposals during Sunday's referendum. Speaking about proposals made to continue economic support for the country, Schulz said yesterday this represented "a hand stretched to the Greek people", adding that the result of the referendum would prove "fundamental" to Greece's position in the euro zone.

"What will happen in the referendum affects first of all the Greek people," he said. "But we are living in a common currency area and therefore it affects all other nations as well and the Europeans as a whole." He also added: "the vote next Sunday is a vote not only about a programme, it is a fundamental vote on whether to stay in the euro zone or not."