Greek banks re-open today

After being closed for three weeks, banks in Greece are expected to re-open their doors again today.

This development follows the agreement reached last week between the Greek Government and international creditors which is expected to provide financing to the country to prevent it from leaving the Euro Zone. Meanwhile, Greece has committed itself to implementing a number of reforms. In the last few hours, Germany said that it was ready to consider giving Greece a few more concessions.

In the meantime, as from today, there will be a modification of the restrictions which were imposed on the amount of money Greeks could withdraw from ATMs. Over the last few weeks, there were large queues outside ATMs with the Greek people only being allowed to withdraw a maximum of €60 daily.  The daily limit has now been adjusted to €420 per week, which means that Greeks do not have to queue every day to withdraw cash.

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