Greek banks to remain closed until Thursday

Greek banks to remain closed until Thursday

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Banks in Greece will remain closed until at least midnight tomorrow (Wednesday).

The government in Athens made the announcement in the wake of a third international multi-billion euro bailout for the country was offered by eurozone leaders.

Four pieces of legislation must be passed by the end of Wednesday to secure the deal, which is worth as much as €86 billion.

Tough economic reforms and cuts are being sought as part of the austerity measures.

These include increasing VAT, extending shop opening hours with the introduction of Sunday trading and broadening the tax base.

But civil servants called a 24-hour strike for tomorrow amid anti-austerity demonstrations in Athens.

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