Greek emergency: Banks close for a week as capital controls forced

Sunday, June 28, 2015

Greek banks will not open until July 7 in an attempt to avoid financial panic, after ECB capped the emergency funds keeping them running

 

All over Athens individuals have been lining today, however the lines outside the National Bank offices were by some separation the longest, reports Jon Henley.

What's more, that is on account of the National Bank supplies the banknotes, and heaps of other Greek banks, by midnight on Sunday, had no a greater amount of those.

"Individuals are feeling exceptionally concerned …  extremely unreliable," said Maria Poulimeniou, outside the National Bank on Eleftherios Venizelos road in Kallithea, a southern Athens suburb.

"The circumstance changes starting with one moment then onto the next. First and foremost they say the banks will be shut on Monday, now for the entire week."

Pouleminou, who lives up to expectations in the account bureau of a transportation organization, said she had attempted the nearby office of her bank, Alpha, however "they don't had anything cleared out. Vacant. So I'm here. I'm taking out the utmost – €600, it is here. However, they say after 12 pm it will be €60. That is the reason there's