Greek Government Orders Banks to Open on Monday July 20,2015

 

The Greek government ordered banks to open on Monday July 20,2015, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week.

The decree to re-open the banks came hours after new ministers were sworn in following a cabinet reshuffle in which Tsipras replaced dissident members of his ruling Syriza party following a revolt over the tough bailout terms.

Greece's Prime Minister Alexis Tsipras Reshuffles Cabinet

Prime Minister Alexis Tsipras replaced Energy Minister Panagiotis Lafazanis and Alternate Finance Minister Nadia Valavani, and ousted Alternate Social Security Minister Dimitris Stratoulis, all of whom had voted against him on the austerity bill.
Alternate Finance Minister Nadia Valavani had announced her resignation immediately before the vote.

Prime Minister Alexis Tsipras sacked hardline former Energy Minister Panagiotis Lafazanis and two deputy ministers following a party rebellion in which 39 Syriza lawmakers withheld support from the government over the package.

The reshuffle allowed Tsipras to replace cabinet rebels with allies of his own or from his junior coalition partners, the right-wing Independent Greeks party