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Current prime minister mr. tsipras. he spearheaded plans to put the latest measure before the greek people. he said it would give greeks dignity and hope. >> translator: we owe it so our children our next generation to the sacrifice of the greek people so that this country remains sovereign, its people to be free. for to be a country of democracy and pride, we will stand up to this battle the and future the people who deserve the prospect of hope. >> greece's next bailout payment is most likely in jeopardy after debt extension talks with its creditors broke down on saturday. the head on the eu...

Unidentified flammable substance blew up midair over a stage saturday night and this happened during a party put on by a marketing company that rented space at the park. police are narrowing their search for a prison escapee in upstate new york. david sweat is considered armed and dangerous. friday his accomplice richard matt was shot and killed. greek lawmakers have approved a bailout referendum on july the 5th. it calls on people of greece to accept the terms of europe's bailout. critics rejected the one-month extension. if tuesday's deadline is not met, greece will be in default. i'm jo...

Extension. this is a period of great uncertainty and why the greek central bank is talking to the european central bank today to make sure this economy doesn't go over the cliff. we have a debt mountain that was not dealt with and there's no signs of manueverability on either side today as the greeks go to the referendum next sunday. thank for that. a grexit would have devastating effects on greece itself but it also poses threats to the euro zone as a whole. it can result in financial contagion and weaken debt-laden countries. some fear that a post grexit greece could forge closer ties with...

What are their fears at this point? >> the biggest immediate fear is the banking system. people have been queueing outside banks and atms around the country to try and get as much money as possible since the prime minister surprised everyone at 1:00 in the morning on a friday coming out and calling for this referendum. now, since then a lot has happened. we've had a euro group meeting that's actually rejected this whole extension that greece was asking in relation to this referendum and even christine la guard by tuesday this this whole referendum idea means if it happens it will be out of pro...

>> the situation in greece will deteriorate very rapidly. there is no time to take that long. the greek authorities have asked for a month extension. in that month, there can be no disbursements, the program is still not on track. how does the greek government thinks it will survive and deal in that period i do not know. greece sitting on financial chaos was evident across the country with people lining up at bank machines over the weekend. we're joined now with john live. what's the biggest concern as we watch these events play out in greece? >> it's extraordinary how the events are playing...