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Tuesday, July 7, 2015

Greek Banks Stay Shut As Creditors Push For Plan

Yanis Varoufakis, who quit as finance minister on Monday, had said that banks would open on Tuesday. But the head of the Greek Bank Association has confirmed they will stay closed until at least Thursday, with a €60 (£42) daily limit on ATM withdrawals kept in place. There was relief when the European Central Bank (ECB) confirmed on Monday evening it would be maintaining the Emergency Liquidity Assistance (ELA) Greece needs to keep its banking system afloat.


READ THE ORIGINAL POST AT uk.news.yahoo.com