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A woman passes a banner supporting the NO vote to
the upcoming referendum at the Finance Ministry in
Athens, Wednesday, July 1, 2015. Greece's government
appeared to be caving into demands from its
creditors on Wednesday, offering concessions in a
desperate attempt to get more aid hours after its
bailout program expired. (AP Photo/Daniel Ochoa de
Olza)
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A woman waits at a bus stop as employees of the
Finance Ministry hang a banner supporting the NO
vote to the upcoming referendum in Athens,
Wednesday, July 1, 2015. Greece's government
appeared to be caving into demands from its
creditors on Wednesday, offering concessions in a
desperate attempt to get more aid hours after its
bailout program expired. (AP Photo/Daniel Ochoa de
Olza)
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Men walk outside of the University of Athens under a
banner which reads in Greek "Sunday’s referendum, we
vote ‘NO’ to austerity, bailout plans, debt,
blackmail, we turn off the television and erase
fear.‘No’ until the very end", in central Athens, on
Wednesday, July 1, 2015. European officials and
Greek opposition parties have been adamant that a
"No" vote on Sunday will mean Greece will leave the
euro and possibly even the EU. The government
rejects the argument as scaremongering, and says
dismissing creditor demands will mean the country is
in a better negotiating position. (AP Photo/Petros
Karadjias)
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A woman passes a banner supporting the NO vote to
the upcoming referendum at the Finance Ministry in
Athens, Wednesday, July 1, 2015. Greece's government
appeared to be caving into demands from its
creditors on Wednesday, offering concessions in a
desperate attempt to get more aid hours after its
bailout program expired. (AP Photo/Daniel Ochoa de
Olza)
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Elderly people march demanding their entire pensions
during a protest in Athens, Wednesday, July 1, 2015.
Crowds of anxious elderly Greeks thronged banks for
hours from before dawn Wednesday, struggling to be
allowed to withdraw their maximum of 120 euros
($134) for the week, after Greece reopened some
banks to help pensioners who don't have bank cards.
(AP Photo/Daniel Ochoa de Olza)
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A pensioner looks at customers who use an ATM as she
sits outside a bank in Athens, Wednesday, July 1,
2015. About 1,000 bank branches around the country
were ordered by the government to reopen Wednesday
to help desperate pensioners without ATM cards cash
up to 120 euros ($134) from their retirement checks.
Eurozone finance ministers were set to weigh
Greece's latest proposal for aid Wednesday. (AP
Photo/Thanassis Stavrakis)
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Pensioners stand in a queue outside a bank in
Athens, Wednesday, July 1, 2015. About 1,000 bank
branches around the country were ordered by the
government to reopen Wednesday to help desperate
pensioners without ATM cards cash up to 120 euros
($134) from their retirement checks. Eurozone
finance ministers were set to weigh Greece's latest
proposal for aid Wednesday. (AP Photo/Daniel Ochoa
de Olza)
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ATHENS, Greece (AP) — The latest news on Greece's financial woes (all times
local):
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5:40 p.m.
Greek Prime Minister Alexis Tsipras has vowed to push on with his plan for a
referendum this Sunday on the recent proposals from the country's creditors.
In a televised national address, Tsipras also reaffirmed his support for a
"no" vote in the referendum. He insisted that a "no" vote would not put Greece's
place in the euro or in the European Union at risk.
Tsipras said Europe must stop acting in an "undemocratic way" and sought to
reassure Greeks that their bank deposits were safe.
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5:23 p.m.
Bank of England governor Mark Carney has warned that the outlook for
Britain's financial stability has "worsened" because of the crisis in Greece.
Though Carney said at a briefing Wednesday that British banks and businesses
only see "minimal" direct exposure to the Greek crisis, he said the British
economy's exposure to the eurozone is "considerable."
Carney noted that HSBC was the only British bank actively involved in the
Greek market and that Greek banks also have a "tiny" footprint in Britain.
"The risks arising from Greece and the global economy will test market
liquidity and could potentially trigger broader adjustments in financial
markets," he said.
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5:16 p.m.
A huge banner urging Greek voters to reject a bailout deal by the country's
has been unfurled on the front of the Finance Ministry Building that faces the
Greek Parliament and overlook's the Greek capital's main Syntagma Square.
The banner reading 'No to blackmail and austerity" in both Greek and English
was several meters in size.
Finance Ministry employees took credit for putting up the banner.
Greek Finance Minister Yanis Varoufakis distanced himself from the banner. In
a tweet, he claimed it was the initiative of trade unionists "who did not seek
the Ministry's permission."
2015 The
Associated Press
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