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Greeks brace for outcome of EU debt talks

Saturday, June 20, 2015 - 01:15

Greece vows to bring fresh proposals to Monday's last-ditch debt talks, amid the threat of unprecedented economic and social chaos. Vanessa Johnston reports.

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Calm on the streets of Athens. As Greece braces for last-ditch talks on Monday to secure a debt deal with international creditors. The country has until the end of June to repay a 1.6 billion euro IMF loan -- otherwise it could be turfed out of the euro zone. So far, there are no signs of panic or long lines at banks. But residents admit they're feeling anxious. (SOUNDBITE) (Greek) YANNIS AKIS, PENSIONER SAYING: "I am very worried, as I think any logical person should be. It's always on my mind. What's going to happen? How it's going to happen? And to be honest, I took money out of the bank to be sure. Of course we should not, for God's sake, go and take all of our money out. But of course, uncertainty leads to many bad things." He's not alone. Banking sources say Greeks have been pulling billions of euros out of banks -- which could force Athens to impose capital controls. It's still unclear how far Greece's leftist Prime Minister Alexis Tsipras will bend to clinch a cash-for reforms deal. But a Greek minister vows he will bring fresh proposals to Monday's emergency summit.

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Greeks brace for outcome of EU debt talks

Saturday, June 20, 2015 - 01:15