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GreekReporter.comGreeceGreek Banks Reopen After Three-Week Shutdown

Greek Banks Reopen After Three-Week Shutdown

atm-ouraGreek banks reopened on Monday after a three-week shutdown and imposition of capital controls.
However, capital controls are still in effect with a 60-euro daily limit in withdrawals.
Basic services will resume in banks but account holders cannot withdraw money from credit cards os cash checks. Safe deposit box owners can have full access to the contents, while citizens can make deposits or payments to the state in cash only.
Greek banks were able to reopen after the European Central Bank (ECB) extended Emergency Liquidity Assistance (ELA) by 900 million euros on Thursday.
Greek Banks Union President Louka Katseli called on citizens who have made big withdrawals before capital controls, fearing a Grexit, to return their money to the banks so that the banking system returns to normal.

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