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Grisis: Grexit after the Greferendum

Business Line

Grisis: Grexit after the Greferendum

Greece’s financial system has plunged into a deep freeze this week.

The country’s Prime Minister Alexis Tsipras shocked European policy makers and creditors by announcing a referendum.

Greece’s government also shut the banks and imposed capital controls to avert the collapse of its financial system.

The decision came after the European Central Bank – meeting in an emergency session last Sunday – opted not to expand a lifeline of emergency funds that has been sustaining Greek banks while nervous depositors pulled their money out.

It appears that the external help was pretty much a life support machine keeping a clinically-dead economy alive.

Euronews has been covering all the developments and this time we speak to our very own correspondents in Brussels, Athens and Washington to analyse the GRISIS.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Business Line

Greece hogs the headlines in crunch week for Athens and the EU