Greece announced early Monday June 29,2015 it will shut banks for a week and impose
capital controls, pleading for calm after anxious citizens emptied cash
machines in a dramatic escalation of the country's debt crisis.
Banks will be closed until July 6 - the day after a referendum on bailout proposals - with a 60-euro ($65) limit on ATM withdrawals, but foreign tourists, a vital engine of the Greek economy, will be exempt from the restrictions
People queue up to withdraw money from an ATM outside a branch of Greece’s National Bank in Athens, Greece, 28 June 2015
Banks will be closed until July 6 - the day after a referendum on bailout proposals - with a 60-euro ($65) limit on ATM withdrawals, but foreign tourists, a vital engine of the Greek economy, will be exempt from the restrictions
People queue up to withdraw money from an ATM outside a branch of Greece’s National Bank in Athens, Greece, 28 June 2015
The
decree on capital controls, published in the official government
gazette and entitled "Bank Holiday break", lists the measures imposed on
financial institutions lasting from June 28 to July 6 and was signed by
President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras.
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension of the loan agreement with Greece". - See more at: http://www.thejakartapost.com/news/2015/06/29/greek-banks-shut-until-july-6-atm-withdrawal-limit-60-euros-a-day-govt.html#sthash.FsZo0Z9a.dpuf
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension of the loan agreement with Greece". - See more at: http://www.thejakartapost.com/news/2015/06/29/greek-banks-shut-until-july-6-atm-withdrawal-limit-60-euros-a-day-govt.html#sthash.FsZo0Z9a.dpuf
The
decree on capital controls, published in the official government
gazette and entitled "Bank Holiday break", lists the measures imposed on
financial institutions lasting from June 28 to July 6 and was signed by
President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras.
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension of the loan agreement with Greece". - See more at: http://www.thejakartapost.com/news/2015/06/29/greek-banks-shut-until-july-6-atm-withdrawal-limit-60-euros-a-day-govt.html#sthash.FsZo0Z9a.dpuf
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension of the loan agreement with Greece". - See more at: http://www.thejakartapost.com/news/2015/06/29/greek-banks-shut-until-july-6-atm-withdrawal-limit-60-euros-a-day-govt.html#sthash.FsZo0Z9a.dpuf
The
decree on capital controls, published in the official government
gazette and entitled "Bank Holiday break", lists the measures imposed on
financial institutions lasting from June 28 to July 6 and was signed by
President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras.
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension of the loan agreement with Greece". - See more at: http://www.thejakartapost.com/news/2015/06/29/greek-banks-shut-until-july-6-atm-withdrawal-limit-60-euros-a-day-govt.html#sthash.FsZo0Z9a.dpuf
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension of the loan agreement with Greece". - See more at: http://www.thejakartapost.com/news/2015/06/29/greek-banks-shut-until-july-6-atm-withdrawal-limit-60-euros-a-day-govt.html#sthash.FsZo0Z9a.dpuf
The
decree on capital controls, published in the official government
gazette and entitled "Bank Holiday break", lists the measures imposed on
financial institutions lasting from June 28 to July 6 and was signed by
President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras.
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension ..
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension ..
The
decree on capital controls, published in the official government
gazette and entitled "Bank Holiday break", lists the measures imposed on
financial institutions lasting from June 28 to July 6 and was signed by
President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras.
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension ..
It cited "the extremely urgent and unforeseen need to protect the Greek financial system and the Greek economy due to the lack of liquidity caused by the Eurogroup's decision on June 27 to refuse the extension ..
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