Greek banks open on Monday – Financieele Dagblad (Registration)

Banks in Greece open Monday after three weeks again their doors. That made the Greek Finance Ministry announced Saturday.

On June 29, Athens was about to close the banks because the system threatened succumbing to a wave of withdrawals. The majority of capital controls that were then set continue in the coming period. Thus Greeks maximum record € 420 per week – a little more flexible than the current maximum limit of € 60 per day – and it is not possible to simply transfer money abroad

Emergency Window

Thursday gave the European

Central Bank, the Greeks again some air by extending the emergency stop shop for Greek banks. They may next week, € 900 million more to borrow from the central bank.

According to ECB president Mario Draghi, the developments of the last week – by the agreement on a third aid package and support in the Greek parliament – sufficient to Greek banks again to give more space

.