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Monday, July 20, 2015

Greek debt crisis: banks reopen but stock market still closed

Greece’s bank branches are open for the first time in three weeks, as Athens prepares to repay $4.2bn to the ECB 7.38am BST Good morning, and welcome to our rolling coverage of the Greek debt crisis.Across Greece, banks are reopening after a three-week hiatus. Customers are flocking to their local branches for the first time since Alexis Tsipras’s fateful decision to call a referendum on the country’s bailout terms.Greek banks to reopen for first time in 3 weeks. But long queues at ATM's remain as CNBC shows http://t.co/GzCWxQxQ1d pic.twitter.com/PVD8tFb3j3Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases.There are also restrictions on opening new accounts or activating dormant ones. Related: Greek banks start to reopen for first time in three weeks Greece has reached the deadline it couldn’t afford to miss, for a bill it can finally afford to pay. Related: Alexis Tsipras reshuffles cabinet to get rid of bailout dissidents Continue reading...


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