GREECE DEBT CRISIS - Country set to default on 1.68bn loan at midnight

Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN With the European Central Bank refusing to offer new funding for Greek lenders, the country imposed capital controls and shut its banks Monday to check the growing strains on its crippled financial system, leading to long queues outside ATMs and petrol stations as people raced to take out cash before it was too late. Greece has until the end of Tuesday to pay back 1.6 billion euros ($1.77 billion) of IMF loans, and a default would set in train events that could lead to the country's exit from the euro currency bloc. Silvia Wadhwa at ECB speaks to France 24 on the subject. Visit our website: http://www.france24.com Like us on Facebook:   / france24.english   Follow us on Twitter:   / france24_en