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(MENAFN - AFP) With Greece's creditors refusing to extend its bailout, attention has turned swiftly to preventing massive capital flight as worried Greek citizens pull cash from ATMs.

Fears that the banks may not open Monday have prompted the European Central Bank to meet but officials say it will be up to Greece to stem an outflow that has already reached dangerous levels.

"If ...

(MENAFN - AFP) Former IMF chief Dominique Strauss-Kahn broke his silence on the Greek debt crisis on Saturday, calling for Athens' creditors to accept a temporary suspension of payments.

Strauss-Kahn, the disgraced French politician who was felled as IMF leader by a New York chambermaid's accusations of sexual assault in 2011, was head of the international lender at the beginning ...

(MENAFN - AFP) An Argentine judge Saturday ordered the seizure of $156 million and other assets from British and US oil companies looking for crude in waters off the disputed Falkland Islands.

Judge Lilian Herraez, based in the Tierra del Fuego region of southern Argentina, also ordered the firms to stop their exploration activities.

Argentina claims sovereignty over ...

(MENAFN - AFP) Several hundred thousand people filled the streets of Berlin for the city's Gay Pride parade on Saturday, a day after the US Supreme Court legalised same-sex marriage nationwide.

The crowds were a riot of colour under grey skies, with many demonstrators in costume -- including US embassy staffer Tim Standaert, who painted his torso blue with an enormous red ...

(MENAFN - AFP) The European Central Bank said Saturday its governing council would meet imminently as Greece appears increasingly to be heading towards a default.

"The Governing Council of the ECB will hold a meeting in due course to discuss the situation. The ECB is closely monitoring developments," an ECB statement said.

A source told AFP that the meeting would most ...

(MENAFN - AFP) Greek Prime Minister Alexis Tsipras on Saturday told French President Francois Hollande and German Chancellor Angela Merkel that a July 5 bailout referendum will go ahead, a Greek government source said.

"Whatever decision the Eurogroup takes, the Greek people will have oxygen next week (and) they will survive," Tsipras said to Hollande and Merkel, the source ...

(MENAFN - AFP) Eurozone ministers agreed Saturday that Greece's bailout programme should expire as planned on June 30 after Greece called a referendum on reform plans, Eurogroup chief Jeroen Dijsselbloem said, leaving Athens in danger of an IMF default.

Dijsselbloem, the Dutch finance minister, said the ministers would now reconvene without Greece to discuss the "consequences" ...

(MENAFN - AFP) Sao Paulo has banned production and sales of foie gras -- and chefs in Brazil's largest city are fuming.

Mayor Fernando Haddad -- said to like the delicacy himself -- signed a decree instituting the ban, disappointing cooks who had hoped he would veto the bill passed in May by city hall.

The dish was banned on grounds of cruelty to geese that are fattened ...

(MENAFN - AFP) Eurozone finance ministers refused Saturday to extend Greece's bailout programme past June 30 after Athens called a referendum on reform proposals by creditors, sources told AFP.

The ministers "rejected an extension of the aid programme" at a meeting in Brussels, hours after Greek Prime Minister Alexis Tsipras called the plebiscite on the bailout proposal for ...

(MENAFN - AFP) Christine Lagarde has crossed the Atlantic to swap her job as a French minister for a place in the global economic elite at the head of the International Monetary Fund.

But she has never been able to leave behind one extreme headache: Greece.

In Washington as in Paris, the meteoric career of the 59-year-old lawyer has repeatedly been waylaid by Athens ...

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