Greece awaits ECB decision on emergency aid

Athens scrambles to pay wages and pensions after becoming the first EU country to default on its debts

Greece is waiting to hear whether it will be granted emergency aid from the European Central Bank, as it scrambles to pay wages and pensions without the financial lifeline of an EU bailout.

The country is insolvent and almost bankrupt after five years of a240bn (170bn) in European bailouts dried up at the stroke of midnight and it became the first EU member to default on its creditors.

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