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Perhaps even more pressing will be the reaction of the European Central Bank, which has been propping up the Greek banking system for months with emergency funding. If the ECB decides at a meeting Monday to end that support, Greece’s banks will quickly run out of cash, business will grind to a halt and basic supplies could start to dwindle on store shelves.
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I'm sure Germany and the EU can handle a 16 billion loss.
Anyone in Greece who had money in a bank, say goodbye to it.
