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Pro-euro protesters demonstrate in front of the parliament building in Athens on June 30, 2015/AFP

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Greece seeks new EU loans after IMF debt default

– ECB to meet –

On Wednesday, the European Central Bank’s governing council will also meet to discuss the crisis in Greece.

It was the ECB’s decision on Sunday to not increase emergency funding for Greek banks that pushed Athens to close lenders and impose capital controls.

The ECB will probably stick with its current stance on Greek banks but could take measures to prevent contagion in other eurozone markets.

In Greece, many people have been caught up in lengthy queues at ATMs after banks were shut down for one week, to withdraw the maximum daily allowance of 60 euros.

Police said 20,000 people rallied in the historic Syntagma square in Athens to call for a “Yes” vote in the bailout referendum, a day after a large rally backing Tsipras’s “No” stance on Monday.

Protestors carried banners featuring slogans such as “Greece is Europe” while the cry “resign” went up from the crowd repeatedly.

Lawyer Vassiliki Salaka said those in charge of Greece now were “incompetent, they lack organisation, they don’t know what they want”.

But many other Greeks also back the government’s defiant stance since it was elected in January, blaming the nation’s creditors for forcing Greece into years of painful recession by demanding tough austerity cuts.

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Pro-Greece demos were set to take place this week in Berlin, Paris, Brussels, Rome and Amsterdam.

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