Greek Banks remain closed

Print Friendly, PDF & Email
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.

7 Responses

  1. Why would they be closing a beautiful area??

    PS: I would want to go there!

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

Leave a Reply

Your email address will not be published. Required fields are marked *

In the spirit of Christmas, CableTV in the USA, is...
There’s a new genius in town, and she’s only 2...
In a hair-raising tale from Uttar Pradesh, India, meet Smita...
In a bizarre incident in Newcastle, New South Wales, Australia,...

World & National News

Spring temperatures across New Zealand this year were higher than...
I ngā rā whakatā, i hui ngā whānau Māori ki...
In a groundbreaking move towards sustainability, Air New Zealand has...
Protests have been carried out around New Zealand in response...