Greece: Athenians rush to withdraw money after Tspiras announces bailout referendum

Residents of Athens were queuing to withdraw money from banks across the Greek capital, Saturday, after Greek Prime Minister Alexis Tsipras called a referendum, to be held on July 5, to allow Greek people to vote on whether to accept or reject the demands of the international creditors. Greek banks confirmed that billions of euros have been withdrawn in recent days amid worries that the government could introduce capital controls as the country moves towards a potential default. The Greek parliament is currently debating whether or not to ratify the vote. The finance ministers of the eurozone are also meeting to discuss whether to extend the bailout, which expires Tuesday, until after the referendum has been held.