Officials tread carefully around Greek banking crisis

The country’s prime minister announced Sunday that all banks will be closed for six days starting Monday, in advance of a referendum on bailout terms.

Ragan Insider Premium Content
Ragan Insider Content

As of Monday, the Greek government has ordered banks to shut down and to limit ATM withdrawals to 60 euros (about $67). The move has resulted in sights like this one:

Barely off the plane and already in my first enormous queue for the ATM. #greece #grexit

— Matthew Thompson (@mattuthompson) June 28, 2015

Though tensions between Greek leaders and European Union officials are running high, the main communications goal is to avoid panic. Greek Prime Minister Alexis Tsipras tweeted this after announcing the bank shutdown:

What’s required over the next few days is sobriety and patience. The public’s deposits are strictly safeguarded.

NowThis posted this video which shows Tsipras offering a similar message on TV:

To read the full story, log in.
Become a Ragan Insider member to read this article and all other archived content.
Sign up today

Already a member? Log in here.
Learn more about Ragan Insider.