Greece Debt Crisis: Despair as $1 Billion Withdrawn From Banks in a Day

More than $1.1 billion was withdrawn from Greek banks in a single day, pushing the country closer to a default. If a deal is not struck by June 30th, Greece will default on a $1.8 billion loan payment to the International Monetary Fund, bankrupting the country and potentially pushing it out of the EU currency zone. In addition to the $1.1 billion withdrawn from ATMs on Thursday, citizens have pulled $4.5 billions—2.2 percent of household and corporate deposits— from Greek banks since last weekend, sources told Reuters. Worried citizens already fear the worst while Greek Prime Minister Alexis Tsipras said another emergency meeting on Monday was "a positive development on the road toward a deal."

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