Prime Minister Alexis Tsipras on Sunday announced a bank holiday and capital controls in Greece after Greeks responded to his surprise call for a referendum on bailout terms by pulling money out of banks. Tsipras blamed European partners and the European Central Bank for forcing Greece's hand but said that would not halt the plan to hold a referendum next Sunday. "(Rejection) of the Greek government's request for a short extension of the programme was an unprecedented act by European standards, questioning the right of a sovereign people to decide," Tsipras said in televised address to the nation.
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