Greek Banks Set to Reopen After 3-week Closure, Withdrawal Restrictions Remain

Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.
In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. The degree came on the same day as Greece's coalition government swore in its new, reshuffled cabinet. Greece closed its banks beginning June 29 to prevent a bank run after the European Central Bank did not increase emergency funding as Greece's second bailout expired.



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