BUSINESS

Finance Ministry confirms Greek banks will stay closed through Wednesday

TAGS: Banking, Economy

Greek banks will remain shut through to July 15 inclusive, the Finance Ministry confirmed on Monday, extending a two-week shutdown of the nation's banks.

Greece imposed capital controls, rationing cash to a daily withdrawal limit of 60 euros from automatic teller machines on June 29 after a wave of withdrawals threatened to overwhelm the system.

Earlier, bankers told Reuters the banks would remain shut until at least Wednesday, when the situation would be reassessed.

[Reuters]

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