MOSCOW (Sputnik) – In order to save the country’s financial credit system, the Greek government closed all banks until July 6 until a referendum is held in the country to determine how Athens will settle its huge debt. As of Monday, automatic teller machines in the country have been programmed to authorize only 60 euros per day to those wishing to withdraw money.
“The ministry will determine how pensions will be paid by 4:00 p.m.,” the source said.
Greece and international creditors remain deadlocked over how to resolve Athens' debt crisis, as the current bailout program expires on Tuesday. The latest round of talks ended Saturday with no results.
As the Greek aid package expires on Tuesday, Athens must deliver the next $1.7-billion payment to one of its major creditors, the International Monetary Fund (IMF). If the sides fail to reach a deal, Greece may default on its debt and be forced to exit the eurozone.
