ATHENS, Greece, June 29 (UPI) -- Greek banks will remain closed until after a July 5 referendum on the terms it has been offered for receiving a fresh bailout from creditors.
After Greek Prime Minister Alexis Tsipras called for a national vote Friday, ATMs across Greece were mobbed until the government assigned a 60 Euro limit ($66) on withdrawals per day by individuals. Saturday Eurozone creditors refused to extend the existing bailout, with a 1.6 Euro billion ($1.78 billion) payment to the International Monetary Fund due this week. Sunday the European Central Bank refused to loan any additional funding to Greece through its Emergency Liquidity Assistance fund.