European Central Bank Expected to End Emergency Assistance to Greece Sunday

The European Central Bank is expected to end the emergency assistance to Greek banks on Sunday, the BBC reported, citing its own sources.

MOSCOW (Sputnik) — According to the BBC source, Greece will probably have to announce a bank holiday on Monday to introduce capital controls – restrictions on customers’ withdrawals — if the European Central Bank decides to end the funding.

Athens and its major international creditors, including the European Central Bank, have until Tuesday to hammer out a deal to prevent Greece from defaulting on its massive debt, which could contribute to pushing the country out of the Eurozone.