Greece keeps banks shut as cash runs short
ATHENS, Greece — Greek banks will stay shut for another two days as the country’s government tries to restart negotiations on a bailout with Europe.
A daily limit of 60 euros on cash withdrawals from ATMs for Greek bank card holders will also remain in place, the Greek banking association said Monday. Other restrictions on moving money abroad have also been extended.
The banks are fast running out of cash. Greeks have drained tens of billions of euros from their accounts in recent months, fearing the consequences of economic collapse.
Banks were shut a week ago after Greece walked out of talks on Europe’s latest rescue offer, prompting the European Central Bank to cap emergency funding that is keeping them afloat.
Greeks voted by a big margin on Sunday against the bailout, setting the country on an uncertain path that could mean it has to abandon the euro.
European leaders will meet Tuesday to discuss a Greek proposal to resume talks. Greece wants a new bailout on easier terms, and a chunk of its debt canceled.
There is no certainty that other eurozone countries will agree to these conditions.AlertMe