Greek banks closed and organized referendum – Times

Ed. Print CRISIS | The Government declares a “corralito” at the decision of the European Central Bank to request that measures assume, because no resources

Greek Citizens line up at ATMs to withdraw money before the imposition of limits. – Efe

The prime minister of Greece, Alexis Tsipras, said Sunday the imposition of capital controls in the country and closing banks from Monday. Moreover, sharply he criticized the European Central Bank (ECB) by “force” Greece to activate measures after the institution headed by Mario Draghi decided not to increase the liquidity of emergency that has been held up for financial institutions Hellenic in the last five months, according to El Mundo.

“The dignity of the Greek people against injustice blackmail and sent a message of hope and pride throughout Europe,” said the premier, trying to calm the population. Tsipras guaranteed bank deposits of the Hellenes and the payment of pensions and salaries in the coming days.

Not only will lower the shutter financial institutions. Nor will open the Athens Stock Exchange. It seems clear that the withdrawal of cash at ATMs across the country will be limited. The controls could last until July 7, according to the British newspaper The Telegraph.

During the weekend on the streets of Greece have been long lines of citizens who withdrew cash from ATMs, to about 400 million euros, in addition to other nearly 4,000 millions taken from their banks in the previous week for fear that the country end outside the eurozone, according to EFE.

The European Central Bank decided yesterday to continue supporting Greece and keep the level of Friday emergency loans to Greek banks, so they do not break and the country does not leave the euro area.

The governing council met yesterday by teleconference to decide whether to maintain liquidity to Greek banks after negotiations between Greece and its creditors were stopped and the government decided to call a referendum to vote on the proposal help.

Once the partners have refused to extend the bailout, Greece is preparing for a week that will combine the referendum campaign with severe liquidity problems and the likely imposition of capital controls.

The president, the conservative Prokopis Pavlópulos, expressed confidence Sunday that citizens show “maturity” and “determination” because “people know what is at stake.”

Following the adoption of the referendum early this morning in Parliament, the President signed the corresponding decree which officially opens this short campaign.

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