Greece's prime minister — seeking to calm Greek citizens — quotes FDR: 'The only thing to fear is fear itself' (GREK)
Greek prime minister Alexis Tsipras addressed the nation on Sunday night and, in an effort to temper anxiety in Greece, quoted former US president Franklin Delano Roosevelt.
In a series of tweets sent following his TV address, Tsipras said that, "what's needed is patience and composure. The bank deposits of the Greek people are fully secure."
Tsipras added, "The same applies to the payment of wage and pension — they are also guaranteed."
Taking a dig at the European creditors Tsipras and his government have been so critical of throughout this process, he added that, "The dignity of the Greek people in the face of blackmail and injustice will send a message of hope and price to all of Europe."
Here is the full collection of Tsipras' tweets:
On Sunday, news broke that Greek banks and the Athens Stock Exchange would be closed on Monday.
Greek Banks are expected to remain closed through July 5, when Tsipras has called for a referendum to vote on the latest terms of a bailout agreement set forth by Greece's creditors.
In his first inaugural address after taking office in 1932, at the height of the Great Depression, FDR said, famously, "So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself — nameless, unreasoning, unjustified terror, which paralyzes needed efforts to convert retreat into advance."
- Obama, Merkel say it is 'critically important' for Greece to remain in the euro
- Former Greek prime minister says the bailout vote will be about 'the fate of our country in staying in the euro'
- The Greek prime minister is planning for a referendum
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