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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, June 18, 2015

Greece faces banking crisis after eurozone meeting breaks down

Emergency summit of leaders called for Monday as fears rise for Greek financial system if a deal cannot be reachedGreece is facing a full-blown banking crisis after a meeting of eurozone leaders broke down in acrimony and recrimination on Thursday evening, bringing the prospect of Greek exit from the eurozone a step nearer.Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds. The German leader Angela Merkel, French president François Hollande and Greek prime minister Alexis Tsipras agreed to stage an emergency EU summit on Monday as a last critical attempt to prevent Greece going bankrupt. A representative of the European Central Bank told the meeting it was unsure whether Greek banks would have the funds to be able to open on Monday. Related: Eurozone talks end without deal as Greek proposals rejected Continue reading...


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