Sunday, June 28, 2015

Will Greece's Banks Open On Monday? (Update: Greek Banks And Stock Market Will Stay Closed On Monday)



Daily Mail: Shock vote on terms of bailout pushes Greek banks to the brink of meltdown as long queues form at country's cashpoints

* Eurozone finance ministers have refused a Greek request to extend its bailout programme
* The current programme expires on June 30, and will not be continued
* Finance ministers are continuing emergency meetings in Brussels without Greece to decide the consequences
* Hundreds rushed to ATMs across the country, after Prime Minister Alexis Tsipras called for a referendum on the bailout at 1am Greek time

Greek banks were on the brink of meltdown last night after the shock announcement that its crisis-hit government would hold a referendum on the terms of a fresh international bailout.

Long queues formed outside the country’s cashpoints after prime minister Alexis Tsipras accused the International Monetary Fund and eurozone of trying to blackmail his country – and pledged to give the Greek people the final say in a vote next weekend.

Mr Tsipras described the bailout plan as ‘humiliation’, condemned ‘unbearable’ austerity measures demanded by creditors and said he would campaign for a ‘no’ result.

More News On The Greek Debt Crisis

Greek crisis live: Banks to stay shut on Monday - reports -- The Guardian
The Latest: IMF's Lagarde urges Europe to preserve eurozone -- AP
Live: Greek banks to close on Monday as ECB caps funding at current levels -- The Telegraph
Debt crisis: Will Greece exit euro? LIVE UPDATES -- RT
Greece considers capital controls, closing banks on Monday -- Reuters
Greece Considers Closing Banks to Stem Flood of Withdrawals -- New York Times
Greece Tries To Stanch Bank Run Ahead Of Looming Default -- NPR
Greek debt crisis: ECB not raising funding limit -- BBC
ECB to turn off emergency help for Greek banks -- BBC
ECB says it is not increasing emergency credit to Greece amid default fears -- The Independent
EU ministers refuse bailout extension for Greece as referendum looms -- The Guardian
ECB rejects increase in emergency funding to Greece -- Al Jazeera
No increase in credit to banks leaves Greece under pressure -- AP
Greece Races to Avert Black Monday as Banks Run Low on Cash -- Bloomberg
Greece just hours away from fatal eurozone rupture -- The Telegraph
Greece debt crisis: MPs back referendum on bailout -- BBC
Merkel "holds keys in her hand" to save Greece, Varoufakis says -- Reuters
Greece on the brink of default after talks with creditors break down -- Washington Post

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