Prime Minister Alexis Tsipras’s contradictory actions confused both his allies and European leaders.
The decision appeared to reflect a growing European sense that Greece is in a no-win situation.
Amid growing questions about whether it will be able to remain in the euro zone, Greece’s missed payment was a landmark moment in Europe’s five-year battle to preserve its common currency.
Greece appeared increasingly likely to miss a critical debt payment, while Puerto Rico’s governor announced that the island cannot pay back more than $70 billion in debt.
Even at the brink of fiscal disaster, there is little consensus about whether to stick with the euro.
European markets were tumbling in the wake of Greece’s decision to impose a bank holiday.
The bid to stem panic comes as the nation’s battle to stay on the euro appeared to be nearing an end.
Fewer students are traveling to the U.K., thanks to a weak ruble and a national push to focus on Russia.
Putin has been riding sky-high since the March 2014 annexation of Ukraine’s Crimean Peninsula.
U.S. companies, pressed at home to stay away from last year’s event, are back at the annual economic forum.