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Grisis: Grexit after the Greferendum

Grisis: Grexit after the Greferendum
By Euronews

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.