Banks and money machines are closed Monday in Greece. The country has ordered its banks and stock market closed for six days.
Prime Minister Alexis Tsipras announced the moves on Sunday. His announcement came hours after the European Central Bank said it would not continue an emergency loan program. That program had given Greek banks enough money so they could stay open.
Experts say Greece likely will be unable to make a payment on its $1.8 billion loan from the International Monetary Fund. The payment is required on Tuesday.
The banks and the stock market will likely stay closed until July 5. That is when Greek voters will decide whether to accept new economic reform measures. The country’s creditors are demanding the reforms. The Greek government is urging voters to say no to the demand unless the lenders agree to changes.
