A young woman walks past a graffiti called 'Death of Euro' by French street artist Goin, in central Athens on June 19, 2015. AFP PHOTO / ARIS MESSINIS
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With the clock running down on Greece's chances of avoiding a painful exit from the euro, the country got a temporary lifeline Friday to help it cope with a bank deposit drain and turn its hopes to a European leaders' summit next week.Uncertainty over whether Greece might default on that payment – something that could lead to the country eventually falling out of the euro – increased after a meeting Thursday ended in discord over what reforms the country should make to get more loans.Several European countries are now openly saying they are getting ready for the possibility that Greece might leave the euro.An EU official said Greeks had taken about 2 billion euros out of their accounts in the last three days.As a result, the European Central Bank's governing council decided to provide more emergency credit for Greece's banks to help them cope with the situation.It's not thought it would turn off that tap until it thinks Greece is definitely going bust, and certainly not before an emergency summit of the eurozone's 19 leaders Monday.The creditors want Greece to agree to new reforms and a tighter budget before they give it more loans.Greece has to pay 1.6 billion euros to the International Monetary Fund on June 30 . Around Greece Friday, newspaper headlines warned time was running out.
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