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July 7, 2015

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Banks to stay closed

GREECE’S government plans to extend the closure of banks by at least until Friday, sources said yesterday ahead of a meeting between bankers and the finance minister.

Last week, Greece issued a decree imposing capital controls and ordered banks to shut after the European Central Bank froze a vital financial lifeline following the breakdown of bailout talks between Athens and its foreign creditors. The decree expired yesterday.


 

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