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Greek banks shut till Thursday


Athens, The Greek government has announced that the bank closures introduced on June 29, will be extended to July 16 (Thursday), a media report said.tightening-greek-belt-austerity-financial-crisis

A statement issued by the finance ministry on Monday said the banks will remain closed also on Tuesday and Wednesday this week.

The statement was issued after the European Central Bank’s (ECB) governing council decided during a teleconference held earlier on Monday to leave the financing cap for Greek banks through the Emergency Liquidity Assistance (ELA) unchanged, Xinhua reported on Tuesday.

Eurozone leaders agreed a conditional deal on Monday to provide up to 86 billion euros (about $89 billion) of financing for Greece over three years.

It included an offer to reschedule Greek debt repayments “if necessary”, but there was no provision for the reduction in Greek debt that the Greek government had sought, a BBC report said.

Parliaments in several Eurozone states also have to approve any new bailout.

The bailout is conditional on Greece passing all the agreed reforms – including raising tax revenue and liberalizing the labor market – in parliament by Wednesday.

Finance ministers from all 28 EU countries are holding a scheduled meeting in Brussels on Tuesday, where they will discuss Greece’s continuing debt crisis.

The IMF announced earlier on Tuesday that Greece had gone further into arrears by missing a debt repayment for the second consecutive month. It had been due to pay 456 million euros ($500 million) on Monday and now owed 2 billion euros (about $4 billion).


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Australian Man Jacob Welsh from Geelong, Melbourne raises $4,000 to bring stray dog home from Greece

Welsh said he and Chance became inseparable after he found her lying in a pile of broken glass on the side of a busy road in Greece

Jacob Welsh with the dog. Image source: Facebook

Melbourne, Sept 6, 2016: An Australian man Jacob Welsh has raised $4,000 to bring a stray dog home from Greece.

Welsh is from Geelong, 75 km from Melbourne, raised the money on a popular crowd-funding Website, to bring the dog, which he named “Chance,” back to Australia, Xinhua news agency reported on Tuesday.

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The resounding success of the campaign guaranteed Chance would have a home for the rest of her life, said Welsh.

“Thank you! She will not spend another night on the street thanks to all the help we’ve received,” Welsh wrote on social media on Tuesday.

Welsh said he and Chance became inseparable after he found her lying in a pile of broken glass on the side of a busy road in Greece.

“I called her over to me and she hesitantly approached, I gave her a little pat and ever since then she has followed me wherever I go,” he wrote on social media earlier.

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“I didn’t have the heart to leave her on the street after that so since then I have been sneaking her into my apartment, which has a strict no-pets policy.

“The sad reality of her going back on the streets is becoming more and more real as my time left in Greece comes to an end.

“Australia’s laws are very strict with this kind of thing but I have done the research and it is possible, just very expensive. If you can spare a few dollars Chance and I would really appreciate it.”

Costs involved in bringing an animal into Australia include a rabies vaccine, pet passport, plane tickets, airport transfers, de-worming medication and a pet carrier box. (IANS)