Greece will close banks for 6 days, impose limits on withdrawals

By Michael Birnbaum, June 29, 2015

ATHENS — Greek leaders planned to shutter their banks for six business days starting Monday and impose strict limits on ATM withdrawals amid rising global concerns about the nation’s economic future.Sunday’s decision to declare a bank holiday was a signal that Greece’s five-year battle to stay in the shared euro currency may swiftly be coming to an end, as leaders elsewhere urged steps to find a way to avoid that. Panicked citizens tried to pull their money from their accounts while they still could. ATMs in Athens were running out of money, and tensions were running high as Greeks stood in line for hours to scrape together cash for basic supplies. Lines mounted at gas stations as worried residents topped off their tanks for what could be a protracted period of time in a cashless nation.Read full article >>

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