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29 Jun 2015 00:00
People withdraw their savings from ATMs in Athens. (Aris Messinis, AFP)
The decree – entitled Bank Holiday break – was signed by the Greek prime minister AlexTsipras and president Prokopis Pavlopoulos.
It cited “the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup’s
decision on June 27
to refuse the extension of the loan agreement with Greece”.
Here are its key measures:
The statement allows for the “bank holiday period” to be extended – or shortened – by the finance minister.
Much will depend on the outcome of the
referendum on July 5
. - © Guardian News & Media 2015
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