Greece in shock as banks shut after snap referendum call (Referendum date: July 5th)

[mother earth]

Stunned Greeks faced shuttered banks, long supermarket lines and overwhelming uncertainty on Monday as a breakdown in talks with international lenders plunged their country deep into crisis.

With Greece's bailout expiring on June 30 and an IMF payment falling due at the same time, Prime Minister Alexis Tsipras pleaded in vain by phone with European officials to extend the program until a referendum on July 5 on its future terms.

The frantic efforts to secure Greece's place within the euro zone followed a dramatic weekend. Tsipras's decision, early on Saturday, to put the aid package to a popular vote took the lenders by surprise and sent Greeks rushing to cash machines.

It also pushed Greece toward defaulting on 1.6 billion euros ($1.77 billion) due to the International Monetary Fund on Tuesday, which would take it closer to an exit from the euro zone. A Greek official confirmed to Reuters that the payment would not be made.

More:
http://www.reuters.com/article/2015/06/29/us-eurozone-greece-idUSKBN0P40EO20150629

Published on Jun 29, 2015

Stunned Greeks faced shuttered banks, long supermarkets lines and overwhelming uncertainty on Monday as a breakdown in talks between Athens and its international creditors plunged the country deep into crisis.

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I'm astounded by the folly and greed of the Troika, they so fear the example of Greece, they put the entire Eurozone at risk, but given Germany's Beggar Thy Neighbor policy, perhaps in time, they will be a huge example of their own folly and greed. I think so...in time they may face more than what they feared, and they will deserve all of it. I initially watched the attached video at the Reuters link, which laughably or ironically, take your pick, was preceded with a Goldman-Sachs commercial. People will watch at the Reuters link, some without a clue as to the role of GS in this crisis...they're still in business, no risk of bankruptcy...they are too big to fail or jail, nations, however, are expendable.