Large companies in Greece offer salaries in cash during bank shutdown


  • World
  • Tuesday, 07 Jul 2015

Greece's head negotiator with its lenders Euclid Tsakalotos talks to journalists outside the Maximos Mansion in Athens, Greece June 27, 2015. REUTERS/Alkis Konstantinidis

ATHENS/LONDON (Reuters) - At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in an bid to ward off a possible collapse of its banking system.

The moves by Greece's Kotsovolos, a unit of Britain's Dixons Carphone , and another two companies are signs of the domestic impact of the financial crisis, after Greece closed its banks and limited withdrawals from automated teller machines (ATMs) to 60 euros (42 pounds) a day.

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