Except that this is just a manoeuvre from Tsipras to gain time and put the blame on the rest of the EU when they are forced to leave the Eurozone.

The referendum is planned for July 5th while Greece's obligations to pay their debts are on June 30th.

It's clear in the eyes of everyone that it's a political move. Tsipras has been feeding lies to the Greek people. He is a populist.

The following scenario is likely to happen on June 30th: - The European Central Bank will maintain ELAs to their current level, it means that Greek banks will have to default.

- The Greek government will have to refill their bank and nationalize them. Since they have no power over the euro, they will start printing their own money which will be worth very little.