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The Stoxx 600, which includes the shares of European banks fell during trading on 4,4% - the worst figure since November 2011. Most cheaper paper credit institutions in Portugal, Spain and Italy.
Shares of Spanish Banco Comercial Portugues fell 9.1%, the Spanish Banco Popular Espanol - by 6.5%, the Italian Banca Monte dei Paschi - by 7.2%.
It was reported that Greek banks will be closed on Monday for a week. The government has also introduced a limit on cash withdrawals at ATMs of 60 euros a day. The stock exchange will remain closed. June 30 Greece must repay 1 billion 600 million euros of debt to the IMF, but does not have the funds still hoping to get them from creditors.
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