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The Latest: Bank of Greece Recommends Banks Remain Closed
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28.06.2015
Greek Prime Minister Alexis Tsipras says the Bank of Greece has recommended that banks remain closed and restrictions be imposed on transactions, after the European Central Bank didn't increase the amount of emergency liquidity the lenders can access from the central bank. Sunday's move comes after two days of long lines forming at ATMs across the country, following Tsipras' decision to call a referendum on creditor proposals for Greek reforms in return for vital bailout funds.
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