10 things you need to know today: June 29, 2015

Greece closes its banks after bailout talks collapse, police capture escapee David Sweat, and more

Greek banks won't open their doors Monday.
(Image credit: AP Photo/Petros Giannakouris)

1. Greece closes banks after bailout talks collapse

Greek leaders closed the country's banks for six days and imposed limits on ATM withdrawals to prevent bank failures after talks to extend an international bailout collapsed. European stocks fell as the bailout's Tuesday expiration increased the odds Greece would exit the eurozone. Greece and its European creditors said they would keep talking, but Greek Prime Minister Alexis Tsipras said European lenders were "blackmailing the Greek people." He also announced a referendum that will let Greeks vote on whether to accept the harsh financial reforms the creditors are demanding.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.