Banks to Close Maybe All Week; Tsipras Echoes FDR: “The Only thing to Fear is Fear Itself”

Greece's Prime Minister Alexis Tsipras delivers a speech to the lawmakers during an emergency Parliament session for the government’s proposed referendum in Athens, early Sunday, June 28, 2015. Greece's parliament has voted in favor of Prime Minister Tsipras' motion to hold a referendum on the country's creditor proposals for reforms in exchange for loans. Tsipras and his coalition government have urged people to vote against the deal, throwing into question the country's financial future.(AP Photo/Petros Karadjias)

The banks in Greece will be closed Monday, Jun. 29 and possibly all week, the Telegraph reported, and the Athens Stock Exchange will be closed at least on Monday as well.

The Greek Financial Stability Council meeting, has reportedly agreed to impose capital controls.

This is all a reaction to the run on ATMs by Greeks over the weekend, including 1.3 billion euro on Friday, Jun. 26 alone.

Meanwhile, Prime Minister Alexis Tsipras reassured the nation that any setbacks are temporary, that he will ask the Euro leaders for a few days’ extension on the default.

“Your deposits are safe,” he said, and – echoing President Franklin Roosevelt’s speech amid the Great Depression: “the only thing we have to fear, is fear itself.”

Tsipras, who urged Greeks to vote “no” to accepting the lenders’ proposals in a July 5 referendum that Parliament has approved, even as polls indicate more are likely to vote for a deal than a Grexit, added that “the decency of the Greek people in the face of extortion and injustice will send a message of hope on July 5.”