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Europe markets rally on Greek funding request

Thursday, July 9, 2015 - 05:50

Without a loan extension, Greek banks' available cash, assuming 60 euros maximum withdrawals a day, could possibly last until the weekend.


EUROPEAN markets rallied on Wednesday afternoon  after Greece submitted a formal request for temporary funding from the 500 billion euros (S$755 billion) European Stability Mechanism (ESM).

Despite the request from the eurozone bailout fund, however, Germany and other

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