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Greek PM announces capital controls, banks closed after run on ATMs 29 June 2015, 01:22 CET
Greek banks will stay shut on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied cash machines in a dramatic escalation of the country's debt crisis.

From 'Greferendum' to possible 'Grexit': failed talks stun Brussels 28 June 2015, 22:37 CET
There is shell-shock in the eurozone as officials slowly wake up to the idea that a meeting of ministers on a balmy Saturday night in Brussels may have been the tragic moment when the euro, and a certain idea of Europe, fell into tatters.

Greece sets sail for choppy, uncharted waters 28 June 2015, 23:56 CET
By snubbing a bailout deal and slapping capital controls on its banks Greece has set a course into choppy, uncharted waters that could lead to fresh economic upheaval and a euro exit.

Tsipras announces capital controls, banks closed after run on ATMs 28 June 2015, 23:18 CET
Greek banks and the Athens stock market will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied ATMs in a dramatic escalation of the country's debt crisis.

Tourists urged to take cash if visiting stricken Greece 28 June 2015, 20:52 CET
Tourists heading for Greece were urged to take enough cash with them to last their entire stay as Athens announced banks would be closed Monday in a deepening financial crisis.

All sides showing 'political will' for Iran deal: EU 28 June 2015, 20:22 CET
EU foreign policy chief Federica Mogherini said Sunday all sides had shown the political will needed to strike a nuclear deal with Iran, praising the "good results" despite a day of tough talks.

Germany, France to hold crisis meetings over Greece on Monday 28 June 2015, 20:17 CET
The leaders of France and Germany will hold crisis meetings with their respective ministers and party leaders on Monday over the crisis in Greece, their offices said.

Obama, Merkel say 'critically important' for Greece to resume reforms 28 June 2015, 21:11 CET
US President Barack Obama and German Chancellor Angela Merkel on Sunday agreed that Greece needed to find its way back to a path of reform without exiting the eurozone, the White House said.

Greece faces banking collapse as ATMs run dry 28 June 2015, 18:57 CET
Greece weighed drastic banking restrictions to stave off a financial collapse on Sunday as anxious Greeks emptied cash machines amid fears that banks will be closed this week.

Desperate Greeks in frantic search for cash machines 28 June 2015, 18:37 CET
Greeks raced Sunday to find cash machines in an increasingly anxious run on the banks, as speculation mounted of capital controls and a possible bank holiday being declared.

IMF 'ready to provide assistance' in Greek crisis: Lagarde 28 June 2015, 18:12 CET
The International Monetary Fund is carefully monitoring the unfolding financial crisis in Greece and neighboring countries, and is ready to provide assistance "as needed," Managing Director Christine Lagarde said Sunday.

EU releases reform demands on which Greece will vote 28 June 2015, 17:47 CET
The EU made public on Sunday reform proposals that were rejected by the far-left government in Athens in bailout talks but which will be put to Greek voters for approval next week in a referendum.

Europe urges tourists to carry cash if visiting Greece 28 June 2015, 17:02 CET
European nations urged Sunday their nationals to carry cash with them when vacationing in Greece as the country hurtles towards a banking crisis.

On beaches and in cafes, gloomy Greeks watch the crisis spiral 28 June 2015, 16:47 CET
Greeks took to beaches, cafes and churches on Sunday, just like they do every week -- but the mood was downbeat as the country teetered on the brink of a default that could see it crash out of the euro.

Greece holding crisis meet as bank run looms 28 June 2015, 16:37 CET
The ECB declined to grant extra cash to help Greece's stricken banking system on Sunday as the government weighed up drastic new measures to contain a growing financial crisis.

Greece working with ECB on response to banking crisis: FM 28 June 2015, 15:22 CET
Greece will work with the European Central Bank on formulating a response to the cash crisis facing its banks before they are due to open on Monday, Finance Minister Yanis Varoufakis said Sunday.

ECB puts no fresh cash into Greek banks 28 June 2015, 15:17 CET
The ECB said Sunday it would keep open its emergency cash lifeline to debt-hit Greece but not increase help to banks, leaving the country facing as financial crunch as a bank run gathered pace.

ELA, the ECB's financial lifeline for Greek banks 28 June 2015, 15:17 CET
The ECB's Emergency Liquidity Assistance programme, which was originally intended as a lifeline for solvent lenders that get into a cash jam, has become a tool keep the entire Greek economy alive while bailout negotiations continued.

Greece calls emergency financial council meeting 28 June 2015, 14:32 CET
The Greek government said Sunday it had called an emergency gathering of its systemic stability council, as speculation mounted of capital controls being imposed and increasing signs of a bank run.

Varoufakis says 'Merkel holds key' to Greek crisis 28 June 2015, 13:57 CET
Greek Finance Minister Yanis Varoufakis said Sunday that German Chancellor Angela Merkel "holds the key" to resolving his country's crisis, while stressing Athens remains open to further talks with international creditors.

'Real risk' of Grexit if Greeks vote 'no' in referendum: French PM 28 June 2015, 13:51 CET
There is a "real risk" of Greece leaving the eurozone if the Greek people vote against the EU's bailout proposals in a referendum, French Prime Minister Manuel Valls said on Sunday.

ECB set for emergency talks as 'Grexit' looms 28 June 2015, 13:25 CET
The European Central Bank was set to hold emergency talks Sunday on whether to keep or cut its financial lifeline to Athens, as France warned of a "real risk" Greece will leave the euro.

'Grexit' to 'Greferendum': Athens on the brink of default 28 June 2015, 06:37 CET
It is past midnight on Saturday when the phone rings on the 13th floor of the European Commission, bringing news the EU is facing an unprecedented crisis after last-ditch talks with Greece collapsed.

Key dates in the Greek debt crisis 28 June 2015, 04:32 CET
Greece teetered on the brink of default Sunday after its international creditors refused to extend its bailout past June 30, the same day a key debt payment to the IMF is due.

Greek parliament approves referendum on bailout terms: assembly 28 June 2015, 03:12 CET
The Greek parliament approved a referendum on the latest offer of a debt deal by the country's EU-IMF creditors by a majority vote late Saturday night, according to the assembly's count.