Greek banks to stay shut all week amid debt crisisJune 29, 2015 - 10:13 AMT PanARMENIAN.Net - 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, BBC News reports. 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 ($66) a day for this period, the decree says. Athens is due to make a €1.6bn payment to the IMF on Tuesday, July 2 - the same day that its current bailout expires. Earlier talks between Greece and the eurozone countries over bailout terms ended without an agreement, and Prime Minister Alexis Tsipras then called for a referendum on the issue to be held on 5 July. The parliament later ratified the plan to hold a referendum. Greece risks default and moving closer to a possible exit from the 19-member eurozone. The euro has fallen 2% against the dollar in Monday morning trading in Asian markets. Photo: UPI Related links: Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |