News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Home  » Business » Greece to extend bank holiday for two more days

Greece to extend bank holiday for two more days

By George Georgiopoulos
July 13, 2015 19:41 IST
Get Rediff News in your Inbox:

Image: People line up to withdraw cash from an automated teller machine (ATM) outside a National Bank branch in Iraklio on the island of Crete, Greece. . Photograph: Stefanos Rapanis/Reuters
 
 

Greece will extend a bank holiday that has been in effect since June 29 for two more days, two bankers told Reuters on Monday after a meeting with the country's deputy finance minister. 

"The aim is to reopen branches on Thursday," one of the bankers said, declining to be named. 

Greek authorities will reassess the situation on Wednesday. 

Earlier on Monday, a finance ministry official told Reuters the bank holiday would be extended, without specifying for how long. 

Greece imposed capital controls, rationing cash to a daily withdrawal limit of 60 euros from automatic teller machines after a wave of withdrawals threatened to overwhelm the system.

Get Rediff News in your Inbox:
George Georgiopoulos
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!