The same day, the last bailout for Greece ran out, despite Tsipras’s appeals for it to be extended until the referendum was over.
Greece was officially declared in default on Friday by the European Financial Stability Facility, which holds 144.6 billion euros ($160 billion) of Greek loans.
Greek banks are now reportedly almost illiquid after a run by panicked customers in the lead-up to the referendum, which Tsipras abruptly called on June 27 to break an impasse with the creditors.
A weeklong closure of the banks and capital controls that included restricting daily ATM withdrawals to just 60 euros ($67) and blocking money transfers abroad slowed the outflow.
But if the ECB does not inject emergency euros into Greece’s banks in the next one or two days, more businesses will go belly up and ordinary Greeks will suffer.
“The Greek ‘No’ puts the ECB in a most difficult position,” said Berenberg Bank economist Holger Schmieding.
“Without a clear prospect of an immediate bailout deal that could prevent a full-scale sovereign default after Greece’s de facto default on the IMF last week … it is very hard for the ECB to authorise continuing emergency support for Greek banks, let alone to allow an increase in such support,” the expert said.
