(MENAFN- Saudi Press Agency) Greece is imposing capital controls and ordering the closure of banks, Prime Minister Alexis Tsipras said Sunday, as Athens scrambles to avert the collapse of the country's financial system, dpa reported.
In a televised speech to the nation, he said the Greek central bank recommended the measures after the European Central Bank (ECB) decided against raising the amount of emergency credit that it provides to the Mediterranean country's banks.
As queues outside cash machines grew longer, Tsipras urged Greeks to be patient and retain their composure, assuring them that their bank deposits were 'fully secure.'
'The same applies to the payment of wages and pensions, they are
also guaranteed,' he said.
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