Greek Banks remain closed

Share to Google Classroom

Banks in Greece will be closed until 6 July and ATMs will reopen late Monday with a daily withdrawal limit of €60.

This news came as a result of the European Central Bank (ECB) saying they will not increase emergency funding to Greece.

Greece is currently struggling to pay money it has borrowed from the International Monetary Fund (IMF).

Over the last few weeks MPs from Greece and various European countries have been discussing a bailout agreement. However, no agreement had been reached.

If Greece is unable to pay the money back this could cause huge problems for the country. They may even be forced out of the Eurozone – the countries that use the Euro as currency.

RECALL QUESTIONS

THINKING QUESTIONS

WORKSHEETS

RECALL QUESTIONS

THINKING QUESTIONS

WORKSHEETS

Shem Banbury - Kiwi Kids News Editor

Shem Banbury is the Editor of Kiwi Kids News and is the Deputy Principal at Mount Maunganui Intermediate. In his spare time, he likes to train and compete in triathlons, play cricket and spend time with his family.

7 Responses

prinzsimon28 says:

June 29, 2015 at 8:51 pm

Why would they be closing a beautiful area??

PS: I would want to go there!
mo105 says:

June 30, 2015 at 9:31 am

I feel sad for Greece. I hope they can pay it back, no country deserves that to happen to them.
lovely says:

June 30, 2015 at 11:41 am

Mean
kittenlove987 says:

June 30, 2015 at 1:21 pm

Why?
trentw says:

June 30, 2015 at 2:04 pm

Greece need to get cracking
emilym says:

July 1, 2015 at 1:42 pm

so mean why why why
LaraLixo says:

July 1, 2015 at 2:54 pm

No! Not Greece! 🙁