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- Updated 00.50
GREEK BANKS WILL not open tomorrow, in a bid to prevent financial panic.
This situation will continue for a week in an attempt to make it through the country’s referendum next Sunday’s on a bailout a deal.
The decision to implement a bank holiday and to introduction capital controls was announced by Greek Prime Minister Alexis Tsipras in a televised broadcast this evening.
Following the announcement of the referendum on Friday by the Greek PM, the European Central Bank (ECB) announced yesterday that they would not be raising the line of liquidity to the country to cover the run on the banks that has taken place over the past 48 hours.
The drastic move by the Greek government will also see the Athens Stock Exchange remaining closed tomorrow.
Over the weekend people across Greece have been queuing to withdraw their savings from ATMs.
Earlier today the country’s Finance Minister Yanis Varoufakis tweeted that imposing capital controls within a monetary union would be a “contradiction in terms”.
Yanis Varoufakis / TwitterCapital controls within a monetary union are a contradiction in terms. The Greek government opposes the very concept.
— Yanis Varoufakis (@yanisvaroufakis) June 28, 2015
The country’s Financial Stability Council met this afternoon to discuss the ongoing crisis and it was indicated that talks set to take place overnight would feature involvement from Frankfurt.
This afternoon Germany has taken the step of advising any of its citizens travelling to Greece to ensure that they “take sufficient amounts of cash” with them and to keep an eye on the evolving situation in the country.
Greece is set to vote on the proposed cash-for-reforms package on 5 July.
However, this coming Tuesday is the deadline for its €1.5 billion debt repayment to the IMF – something it seems now it will almost certainly default on.
Simon Nixon / TwitterEU Commission says eurogroup were preparing to agree comprehensive solution when Greeks walked away. http://t.co/oJBOL9iwhD
— Simon Nixon (@Simon_Nixon) June 28, 2015
Earlier today the EU Commission released the terms of what had been proposed to the Greeks – essentially what will be voted on in their forthcoming referendum.
In the last hour the United States has pushed for a resolution to the Greek debt crisis. It is being reported by The Guardian that US Treasury secretary Jack Lew has spoken to the IMF, Germany and France to urge a resolution to the ongoing difficulties.
First published 16.54
- With additional reporting by AFP
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very moving documentary and very difficult to watch. just goes to show that how a person is treated as a child stays with them all through life.
Nomination for Nobel Peace Prize. I hope Christina and her siblings schedule re-unions a few times each year. They deserve to have the time to be together without the intrusion of media and cameras. It might help them fill the empty space that they hover over at the moment. Each of the four no doubt have their own separate circles of friends. They need now to be afforded the space to reaffirm that special circle of friends called family.
She has such passion for children.she is an inspiration to us all.it was a compelling programme
I read her book nearly two decades ago and it still haunts me. I couldn’t understand how her work in Vietnam wasn’t more well known but maybe her account of her childhood was probably too raw for a lot of people. She’s been a personal inspiration.
Some people when they’re at their happiest (singing) show real pain .
Wonderful to see how television reached the hearts of the Irish people (the word premiere was held in Dublin last September). And don’t miss the film NOBLE when it comes around again. It would be nice now to have Journalists, Senators and Politicians comment on Christina Noble’s story, in the context of what is happening in Geneva right now, as Ireland faces the United Nations condemnation of our serious lapses with Human Rights at home.
After watching the programme I think Christina has mentally suffered from her years in an institution you can see the hatred in her against the government and the church at the time and I think her way to deal with that is to look after those unfortunate children .one part where I thought she was out of order was when she made a verbal attack on what she thought was a priest ,you know a lot o priests were sickened as to what happened to these kids too there are a lot of good priest out there . .One more thing I want to say ,I was also institutionalised in an industrial school for years just for not going to school and was abused also but like Jesus I have learned to forgive but not forget I always say those abusers will have to face judgement some day but overall I feel so sorry for Christina for the way it has affected her
@ joeythelad, i agree with you , i found it difficult to watch as christina’s pain is very evident and of course well founded. i was also surprised with the response she got in the pub , dont why ? what i find surprising is that many people either dont know that she is irish or dont know anything about her work at all!
i hope herself and her family have the time they need to try and bond and she finds some peace. so glad that you have learned to forgive , i am not so sure i could forgive, all the best
What a great woman
Nice house in Texas as well
denise, did you watch the programme? what has her brothers house in texas got to do with it? such an odd comment for this story!
I know,Denise !
What should we do about it ? Genuine question .
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