Monday, July 20, 2015

Banks Finally Open in Greece

Banks in cash-strapped Greece opened Monday for the first time in three weeks.  Bank customers will be allowed to make a single withdrawal of $455 a week, instead of just $65 in daily withdrawals.  However, restrictions on cash transfers abroad will remain in place. German Chancellor Angela Merkel has again rejected proposals to write off part of Greece's debt, but says her government will show flexibility in new talks about how Athens structures its bailout...

via Economy - Voice of America

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