Greece Debt Crisis: What Happens Now After Bailout Terms Rejected?

All eyes now are on the European Central Bank to see whether it will maintain emergency funding for Greek lenders. The bank’s policy makers are expected to meet Monday and if the funding is suspended Greek banks would suddenly need to repay it — which could be mean the country crashes out of the eurozone.

 

Fears that cash would run out forced the government to close banks and impose strict withdrawal limits last week. There were long lines outside of ATMS in the Athens on Monday, with one woman who voted “Yes” to creditors’ proposals saying she was worried for the future.

 

“I want to be part of Europe,” she told NBC News.

 

The decree closing Greece’s banks only lasts through Monday — but sources told Reuters that the Greek government is expected to extend it by a few more days.

 

As Greece’s prime minister went into emergency meetings on Monday, Tsipras did not respond to questions shouted from reporters about whether his country would run out of money.

 

Outside of the meetings, 47-year-old Giorgios Kakogiannis was sweeping the streets. Kakogiannis told NBC News that he was still hoping to get his $1,000-a-month salary on Friday — though if Greece runs out of money public-sector workers like him won’t get paid.

 

Read More: Greece Debt Crisis: What Happens Now After Bailout Terms Rejected? – NBC News