Greek banks re-open

Flickr, gichristof

BANK branches in Greece have opened their doors on Monday (July 20) for the first time in three weeks, but the amount of money clients can withdraw remains limited.
The notable difference is that although amounts are still restricted to €60 per day, clients will now be able to withdraw the entire weekly amount (€420) at once and will have access to safe deposit boxes which are not subject to controls.
Angela Merkel, Chancellor of Germany, has said she wants aid talks to go through as quickly as possible so the restrictions can be lifted and the people of Greece can return to normal life.
Bridge financing of approximately €7.16 billion has been provided to get the country through this month, and officials in Europe have said they hope the full bailout of about €86 billion will be in place before the end of August.


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