July 07, 2015 BY Andrew Saks-McLeod

Greece extends capital controls to Wednesday as Tsipras clings onto euro hopes

Banks will remain closed and capital controls in place in Greece until Wednesday this week as firebrand prime minister Alexis Tsipras attempts to retain the Euro. With debt to GDP ratios high in many other EU member states, the effect of an unpaid 345 trillion euro debt to the ECB looks likely to become his legacy

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