ECB leaves emergency funding to Greece unchanged
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Europe’s Central Bank on Wednesday decided to leave emergency funding to Greece unchanged at 89 billion euros, according to banking sources, amid rising eurozone fears.
- Europe’s Central Bank (ECB) has decided to leave emergency funding to Greece unchanged at 89 billion euros. On Wednesday evening, Greece announced that its banks would remain closed until July 13.
- Greece has made a request for a three-year loan from Europe's bailout fund and has pledged to "immediately implement" tax and pension-related measures.
- Greek PM Alexis Tsipras called for a “fairer, more sustainable agreement” with creditors in a speech at the EU Parliament, saying Greece had been treated as an “austerity laboratory” and that the experiment had failed.
- France said it would do everything it could to keep Greece in the euro zone, warning that a “Grexit” would be an “admission of impotence” for Europe. Earlier, US Treasury Secretary Jack Lew threw his weight behind Greek debt restructuring, saying a collapse of Greece’s economy would be a “geopolitical mistake”.
- The country’s creditors have given Athens until Thursday to submit new proposals in order to reach a deal ahead of a summit of all 28 EU members on Sunday.
- A Greek government source said bank closures would be extended beyond Wednesday. Greek lenders have been shut for eight days, with cash withdrawals restricted to €60 a day.
Follow the day's events as they unfolded on the liveblog below.
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