Banks shut down June 29-July 6
- Written by E.Tsiliopoulos
Greek banks will shut down from Monday, June 29, to Monday, July 6 inclusive, the government said following a Cabinet meeting that ran into early Monday, following the breakdown of talks between Greece and its creditors.
Greek citizens will be allowed to withdraw a maximum of 60 euros from ATMs per card daily - pensioners being exempted - while both pensions and wages will be paid as normal. Foreign visitors currently in Greece or planning to visit Greece will not be affected by the daily cash limits, the government added, as long as their debit/credit cards were issued outside Greece.
All transactions within Greece carried out electronically will also not be affected, as long as transfers are not made to overseas accounts. Details of the measures were published online in the Government Gazette and go into effect immediately.
The measures come after the failure of an agreement between Greece and its creditors (European Commission, European Central Bank and International Monetary Fund), and following an announcement by Prime Minister Alexis Tsipras calling for a referendum this coming Sunday on approving the creditors' proposals, voted on by Parliament.
Related items
Latest from E.Tsiliopoulos
- Greece moves to become Southeast Europe’s first carbon storage hub
- Giannis Antetokounmpo says Heat provide best route to another NBA title
- Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
- Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
- Greek banks have liquidity ready to fuel economic growth