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Greece wants 'fair solution' to debt offer stalemate

Greece wants to find a "viable and fair solution" with its EU and IMF lenders to agree an aid package, a government official has said.

On Friday, Greek prime minister Alexis Tsipras labelled a cash for reforms offer by the debts-seeking EU as "absurd".

Earlier, European Commission President Jean-Claude Juncker said a Greek exit from the single currency area is not an option but that does not me he could "pull a rabbit out of a hat" to prevent it.

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Emergency funding for Greek banks averts debt disaster

Hopes of Greece avoiding a debt disaster that could force it out of the Eurozone hang by a thread.

The danger of immediate calamity was averted today when the European Central Bank poured emergency funding into Greek banks.

They had to intervene, after Savers withdrew more than a Billion Euros in a single day.

ITV News Correspondent Martin Geissler reports:

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