Greece announces its banks and stock exchange will remain closed on Monday as Prime Minister Alexis Tsipras asks once more for an extension of the bailout programme.
The only thing to fear is fear itself.
Greece’s banks will not open on Monday, Prime Minister Alexis Tsipras has announced. The stock exchange will also remain closed and capital controls are being put imposed.
“In the coming days, what’s needed is patience and composure,” the PM wrote on social media. “The bank deposits of the Greek people are fully secure. The same applies to the payment of wages and pensions—they are also guaranteed,” he added.
He blamed Greece’s lenders and Eurogroup partners for forcing the nations hand, but said he would, nevertheless, go ahead with a planned referendum on austerity on July 5.
The recent decisions of the Eurogroup & ECB have only one objective: to attempt to stifle the will of the Greek people. #Greece
— Alexis Tsipras (@tsipras_eu) June 28, 2015They will not succeed. The very opposite will occur: the Greek people will stand firm with even greater willfulness. #Greece
— Alexis Tsipras (@tsipras_eu) June 28, 2015“The dignity of the Greek people in the face of blackmail and injustice will send a message of hope and pride to all of Europe,” the PM added.
Tsipras also announced he had once again asked Greece’s international lenders to extend the country’s aid programme.
The only thing to fear, he says, is fear itself.