Reuters reports that Greek banks are set to keep broad cash controls in place for months until fresh money arrives from Europe. According to the newsagency’s reports, rehabilitating the country’s banks could continue for months.
The longer negotiations take, the more critical the banks’ condition becomes as a 420-euro weekly limit on cash withdrawals chokes the economy.
Banks are in a deep freeze as the economy gets weaker, reports Reuters while pointing to the difficulties that this causes to borrowers.
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