Greek banks shut for a week as ECB freezes emergency fund
Greek government calls referendum on latest proposals for July 5
Greece has closed its banks and imposed capital controls after the European Central Bank (ECB) froze the amount of emergency liquidity assistance (ELA) on offer to lenders on Sunday (June 28).
The government has declared a bank holiday between now and July 6, while the stock exchange is also shut today. The controls include a €60 cap ($67) on withdrawals from ATMs – though cards issued by foreign banks are exempt.
Prime minister Alex Tsipras insisted deposits in Greek banks were "entirely secure
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