Greece Introduces Capital Controls, Banks to Close from Monday
Greek Prime Minister Alexis Tsipras announced on Sunday a bank holiday and the introduction of capital controls in the country.
Greek banks will remain closed from Monday in order to avert a financial collapse after the ECB froze emergency loans to the country’s lenders.
This became clear after a meeting of the government’s financial-stability panel on Sunday, daily Kathimerini reports.
Tsipras has accused the ECB and European partners for trying to obstruct the democratic referendum.
Greeks responded to the proposed referendum by withdrawing money out of banks.
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