ATHENS (Sputnik) – Thousands of Greeks rushed to withdraw their cash on Saturday after Prime Minister Alexis Tsipras announced that a surprise referendum on whether to accept an accord for a new bailout with its creditors would take place July 5.
“The Greek people should remain calm, as the banks will not close. There will be cash in the ATMs,” Kammenos told Mega TV channel.
The same day, Greece must deliver the next $1.7-billion payment to the International Monetary Fund (IMF). A failure to thrash out a deal carries the risk of a Greek default and possible euro-exit.