Greek Banks to Reopen Monday


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.



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