The Greek government have made an emergency decision to keep its banks and stock exchange shut tomorrow, amidst growing fears of a default.
People were queuing at ATMs over the weekend in an attempt to withdraw their money, as Greek citizens face an uncertain economic future. Recent international talks aimed at reaching an agreement between Greek’s finance minister and the country’s creditors have failed.
A referendum will now put to the people of Greece on whether or not to accept bailout conditions imposed by the European paymasters.
If Greece defaults on its upcoming €1.7bn payment, there is a very real possibility of the country leaving the eurozone, thus leading to uncharted territories.