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> Economy

Greek banks open to panic with restrictions in tact (pics + vids)

People can now withdraw 300 euros per week instead of 60 euros per day

Newsroom July 20 10:33

Greek banks opened their branches across the country on Monday following a three-week shut-down. Capital controls and restrictions on withdrawals will remain in tact, however the fact that banks are opening marks a first step towards a turn to normality.

Concerned depositors lined up outside banks on the first day as people lined up to ask questions concerning the safety and future of their frozen accounts.

Characteristically, one National Bank of Greece branch in Kallithea had over 127 numbers drawn as soon as doors open, signaling a long waiting time.

With the opening of banks, Greeks are now able to withdraw 300 euros per week all at once instead of lining up for just 60 euros per day. The limit is still the same but there will be less hassle as people will not be obliged to line up every day.

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