BUSINESS

Greece to extend bank holiday for two more days

By George Georgiopoulos
July 13, 2015 19:41 IST

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.

George Georgiopoulos
Source: REUTERS
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