Unexpected move: Pensioners queue outside a closed bank in Athens. Greece will keep banks shut at least until after July 5, the date of the referendum, and withdrawals from automated teller machines – which were shut yesterday – will be limited to 60 euros a day when they reopen today. — AFP
ATHENS: Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories yesterday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink.
After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis Tsipras reluctantly imposed capital controls on Sunday night to prevent banks from collapsing under the weight of mass withdrawals.
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