Greek Banks to Reopen Monday

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greeceGreek banks are set to reopen Monday after the European Central Bank increased the level of emergency cash available to the country’s lenders, officials said.

However, limited cash withdrawals—€60 a day—would be lifted gradually and may include a weekly maximum rather than daily limits, said Deputy Finance Minister Dimitris Mardas.

Eurozone ministers earlier agreed on a bridge loan of €7 billion from an EU-wide fund to help keep Greece afloat.

Germany’s parliament will vote today on a new bailout for Greece despite approval from the eurozone. Banks have been closed since June 29. Read more at BBC News.

{Andy Heller-Matzav.com}

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