Banks Reopen After 3 Weeks of Closure in Greece
[youtube=https://www.youtube.com/watch?v=nZIonedz6BU]
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Published on Jul 20, 2015
Large queues have been formed outside branches. This is while capital controls remain in place, with people being allowed to withdraw a maximum 60 euros each day. The closure of the banks have cost the economy close to three million dollars in market shortages and export disruption. The government is expected to make payments to the European Central Bank and the International Monetary Fund thanks to a loan it received from the European Union on Friday. Athens had to agree to a tough fiscal package to unlock the three-year bailout. Greece defaulted on a debt repayment to the I-M-F earlier this month which further plunged the EU member into crisis.
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