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New Greek finance minister to be sworn in

The position was left vacant when Yanis Varoufakis announced he was stepping down.

Greek Parliament’s president and Syriza party member, Zoe Kostantopoulou (C) embraces a ‘No’ supporter , as she joins the celebrations in front of the parliament latein Athens on 5 July, 2015. Picture: AFP.

GREECE - The presidency in Greece has announced that the country's negotiator Euclid Tsakalotos will be sworn in as the new finance minister.

The position was left vacant when Yanis Varoufakis announced he was stepping down in the wake of Sunday's 'no' vote in a crucial referendum.

At the same time, Greek banks are set to remain closed for a few more days, leaving the nation is a state of suspense.

There was uncertainty amongst Greek people about how the country would get out of its debt crisis.

Reuters reported this afternoon that Greece would issue a decree that would see the closure of banks extended by a few more days.

The head of Greek political parties emerged from a six-hour meeting, with indications that most of the parties will be backing Prime Minister Alexis Tsipras in his negotiations with the country's creditors.

An emergency Eurozone summit is set to take place tomorrow.

The parties also supported some form of debt relief.

Meanwhile, in Athens life went on as usual, although there are indications that the domestic tourist season could be a lot more quiet than usual.

A teacher in Athens said although they are on a holiday break now, the €60 restriction on cash withdrawals meant nobody could really go anywhere, or buy anything.

"I see foreign tourists laughing and happy, and I feel bad inside. I don't feel happy at all," she said.

A woman, who works for the economics ministry and who voted 'no' in yesterday's referendum, said even though the 'no' vote had won, she was still uncertain about what tomorrow holds for Greece.

Meanwhile, the European Commission today questioned the legality of Greece's referendum, and said the no vote had left it in a weaker, and not a stronger negotiating position.

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