Capital controls have being imposed in Greece, as without the ECB’s help the financial crisis deepens. Greek Finance Minister Yanis Varoufakis announced that banks will stay closed until July 7, while a source said that capital controls will allow citizens to withdraw 60 euro per day maximum. Greek Prime Minister Alexis Tsipras said in a televised message that the Greek central bank has been forced to recommend a bank holiday and the introduction of capital controls. He slammed the ECB, and other institutions, for trying to obstruct the democratic referendum he has called for next Sunday. This is a “insult” that shames European democracy, he noted.
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