Uncertain what might happen next, with banks and financial markets closed, across Athens people wasted little time Monday, rushing to the nearest A.T.M. to withdraw their new daily maximum of 60 euros, determined to raise every last cent while they could, the International New York Times reported. Yet, even as Greeks faced a new level of chaos and hardship this week, they were being confronted with another unsolvable riddle: a vote on their future that was even more uncertain than the current chaos. “Simply put, we’re confused,” Eleni Gardikioti, 31, an insurance worker, said.

Frankfurt prosecutors are examining the role played by individuals connected with Deutsche Bank’s involvement in the Libor rate-rigging scandal – potentially opening up a new front in the affair that has rocked Germany’s biggest bank. The investigation is the first step in a procedure that could lead to criminal charges, the Irish Times reported. The prosecutors’ investigation stems from a report by the German financial watchdog BaFin, details of which were revealed by the Financial Times on Friday.

As it turns out, the Greek crisis ends not with a bang, but with a referendum, the International New York Times reported in a commentary. It has been easy to ignore the doings in Greece for the last few years, with the perpetual series of summits in Brussels that never seem to resolve anything. But it’s time to pay attention. These next few days are shaping up to become a transformational moment in the 60-year project of building a unified Europe. We just don’t yet know what sort of transformation it will be.

Greece will keep its banks closed on Monday in a bid to prevent its banking system from collapsing, a bank official said, after the European Central Bank moved to cap the amount of emergency loans it provides for the country’s cash-strapped lenders, The Wall Street Journal reported. The ECB said earlier on Sunday that it wouldn’t increase the lifeline of emergency liquidity that has been sustaining Greece’s banks, even as nervous Greek depositors appeared to withdraw their money at a greater pace over the weekend.

European Central Bank policy setters are considering keeping Emergency Liquidity Assistance open to Greek banks on Monday but imposing a higher valuation discount on the security they offer in return for the funding, people familiar with the matter said, Reuters reported. If the haircut on the assets Greek banks give for Emergency Liquidity Assistance is increased, it would, however, curb their use of such finance.

Just more than €1 billion of taxable income was sheltered from tax through the use of various property reliefs, Minister for Finance Michael Noonan has confirmed, the Irish Times reported. In a written reply to Fianna Fáil’s finance spokesman, Michael McGrath, Mr Noonan said the figure totalled €574 million in 2012 and €450 million provisionally in 2013. Figures for last year are not yet available.

In the negotiations with international creditors over bailout aid in which pension reform has been a key sticking point, Athens is insisting on higher contributions from workers and businesses rather than cuts to benefits or more rapid increases in the retirement age, the Financial Times reported. Meanwhile, Britain’s Conservative government is pressing ahead with £12bn of new welfare cuts, but has pledged to preserve free bus passes and generous pension increases for those lucky enough to have already left work.

The costs imposed by the financial crises that hit western economies in 2007 have been enormous. UK gross domestic product is nearly a fifth smaller than if long-term pre-crisis growth trends had continued, the Financial Times reported in a commentary. The costs also include huge rises in public debt. In the UK the increase, as a direct and indirect result of the crisis, will be close to 50 per cent of GDP. This is the fourth most costly fiscal event of the past 225 years, after the wars with post-revolutionary France and the first and second world wars.

European finance chiefs pushed off talks to seal a Greek bailout deal until the weekend after ending another meeting without agreement, leaving only days to keep Athens from defaulting on a loan payment early next week, The Wall Street Journal reported. The ministers from Greece and the other 18 eurozone countries cut short a crisis meeting in Brussels on Thursday to give negotiators from the Greek government and its creditors more time to bridge differences on budget cuts and other terms necessary to unlock more aid for Athens. Time is running out to resolve the standoff.

Banca Marche, which was put under special administration in 2013, said on Thursday it had repaid 1.8 billion euros ($2.01 billion) it owed to Credito Fondiario, Reuters reported. The unlisted lender said some of its senior bonds and other securities that were guaranteeing the loan obtained by Credito Fondiario have been sold on the market. The sale has allowed Banca Marche to repay the loan to Credito Fondiario and also to pocket some money, the lender said without giving details.