Greece debt crisis: Banks to remain shut until 13 July

in Greece will remain closed until Monday (13 July) and the daily withdrawal limit at ATM machines will be maintained at €60.

In a statement late Wednesday, the Finance Ministry said: "The bank holiday is extended to July 13."

The capital controls on Greek banks, which includes curbs on fund transfers out of the country, were imposed on 28 June after residents rushed to withdraw cash when their government failed to reach an agreement with international creditors.

The European Central Bank has said that it will not increase financial support for Greek banks until the country's debt crisis is resolved with its creditors.

Meanwhile the head of the Greek Banks Association, Louka Katseli told the country's Skai TV that banks in Greece have enough money in cash machines to serve the public over the weekend.

"We know that everything is secured until Monday," he said.

Greek Prime Minister Alexis Tsipras is to present a new set of "credible" proposals for economic reform today, ahead of Sunday's deadline set by the EU.

Meanwhile, the Greek Ministry of Economy, Infrastructures, Maritime Affairs and Tourism has given an assurance that there are adequate food supplies and that their prices are stable.

Greece and its creditors are coming under increased pressure to come to an agreement that will prevent a Grexit and a financial collapse.

Athens has been told in no uncertain terms that it has until the end of business on 9 July to present a plan for radical economic reform, tax increases and spending cuts to keep the country part of the euro.

On the other side, US Treasury secretary Jack Lew and the International Monetary Fund chief Christine Lagarde put pressure on the EU to grant Greece debt relief and help it avoid a Grexit,the Financial Times reported.

Both implicitly urged Germany and others to drop their refusal to clear Greek debts, saying the country was in desperate need of a "restructuring".