Saturday, July 18, 2015

Greece: Banks open again on Monday – DiePresse.com

The banks in Greece opened on Monday after three weeks their switches. The capital controls remain according to a published decree on Saturday but in power. Thus remittances from Greek banks are still prohibited on foreign accounts

.

For the Greek citizens, the government amended the conditions for the supply of cash. Since the closure of banks on June 29, they were allowed to take off a day 60 euros from ATMs. Now they can also can be more money to pay off in one fell swoop. However, the upper limit at 420 Euros per week remains.


 

With the restriction of the movement of capital a run on the banks and a collapse of the financial system is to be prevented. Businesses and individuals have withdrawn out of concern for the fate of Greece in the euro zone in recent months billion from their accounts.

The reopening is possible because the European Central Bank on Thursday after the approval of the Greek Parliament on reforms limit on the emergency loans for Greek banks has increased for a week to 900 million euros. This was According to insiders, at least about 89 billion euros

.

(APA / Reuters)

LikeTweet

No comments:

Post a Comment