(BBC) The Greek government has confirmed that banks will be closed all week, after a decision by the European Central Bank not to extend emergency funding.In a decree, it cited the “extremely urgent” need to protect the financial system due to the lack of liquidity.Cash withdrawals will be limited to €60 (£42; $66) a day for this period, the decree says.
Athens is due to make a €1.6bn payment to the IMF on Tuesday – the same day that its current bailout expires.
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