Greece Poised for Default on IMF Payment
Greek banks remain shut on Tuesday as the nation looks set to formally default on a $1.8 billion loan repayment to the International Monetary Fund.
While the country's economic future remained uncertain early Tuesday, the Greek finance ministry said it will open about 1,000 bank branches across the country to allow pensioners, many of whom do not have ATM cards, to withdraw enough money to get through the week.
Greeks are set to vote July 5 in a referendum on a new round of European austerity measures, which Prime Minister Alexis Tsipras opposes.
Mr. Tsipras said Monday he will respect the outcome of Sunday's referendum, but he cautioned that his far-left government will not be the one to carry out the new reforms. European creditors are demanding the reforms in exchange for billions of dollars in new bailout money.
France Prosecutor: Factory Attack Bore Markings of Islamic State
A French prosecutor says Friday's attack on a U.S. gas factory in Lyon bears the hallmarks of the Islamic State militant group.
Prosecutor Francois Molins said Tuesday that the man who is suspected of carrying out the attack, Yassin Salhi, had a "terrorist motive" when he beheaded his employer and attacked the gas factory. "Salhi decapitated his victim, he hung the head on a fence to get maximum publicity, as he told us during interrogation," said Molins.
Salhi, who was arrested soon after the attack, is being held on suspicion of terrorism.
He is suspected of crashing his vehicle onto the factory grounds and causing an explosion Friday.
After Friday's attack, French President Francois Hollande raised the security level in the region of Rhone-Alpes to the highest possible level.