Greek Officials Warn ‘Some Banks May Not Open Monday’

‘Following Tsipras’ surprise referendum decision (and subsequent pulling of proposals by Troika the institutions), Greece’s bank jog has turned into a full sprint. ATM lines began to form at 2am, minutes after the announcement and now many ATMs are out of money and, as Bloomberg reports, some Greek banks are drastically limiting cash transactions. Despite all the reassurances that “banks will open Monday,” two senior bank executives have warned that some lenders will not be able to open Monday (unless more emergency liquidity is released).

Many ATMs have been drained…’

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