Author Topic: Banks closed  (Read 5397 times)

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Offline Maik

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Banks closed
« on: Sunday, 28 June, 2015 @ 23:50:41 »
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Greek banks to close from Monday

Greece will shut its banks Monday to avert a financial collapse after the European Central Bank froze emergency loans to the nation’s lenders.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_28/06/2015_551629


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Greek banking sources tell me that the banks have been instructed to close for at least a week and a day.

And during that period of closure the following capital controls will be imposed:

a) a maximum of 60 euros can be withdrawn per bank card per day or per account per day;

b) no cash can be moved abroad at all, except for vital commercial transactions that would have to be pre-approved.

The hope would be that banks could open their doors again some time after the result of the referendum is known next Sunday night, probably the Tuesday - so long as Greeks vote for a bailout on the terms demanded by the country's eurozone and IMF creditors.

But European finance ministers and the IMF have not guaranteed that the deal will still be available. So it is possible the emergency bank closures will continue beyond the current signaled end of next Monday night.
http://www.bbc.com/news/business-33306158


Offline Maik

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Re: Banks closed
« Reply #1 on: Monday, 29 June, 2015 @ 08:38:30 »

Offline pete.c

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Re: Banks closed
« Reply #2 on: Monday, 29 June, 2015 @ 13:29:18 »
I’m sure everyone knows this, but the 60 euro limit does not apply to non Greek bank cards, as I proved this morning, so as long as the ATM’s get topped up tourists should be ok.

Offline Maik

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Re: Banks closed
« Reply #3 on: Monday, 29 June, 2015 @ 14:03:57 »
Thanks, Pete. There's (now) confirmation, and further information, in English on newsbomb.gr, extract follows:

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Gov't posts details on bank transactions, including daily limit and exemptions

Electronic transactions within the country will not be affected. In other words, all transactions using credit or debit cards and other electronic payment methods (web banking, phone banking), will proceed as normal.

At the same time, as of midday on June 29 (today), automated teller machines (ATMs) can be used, to a limit of 60 euros per day, per card; this corresponds to 1,800 euros per month. Foreign tourists will be able to withdraw cash as normal through the ATMs, as long as their cards have been issued abroad.

Wages that are paid electronically to a bank through bank accounts will proceed as normal.

Banks will reopen on Tuesday, July 7.

ATMs will open the latest by midday Monday (June 29), and will remain open during the short duration of the bank holiday.

In bank accounts with several owners/holders, the daily limit is 60 euros per holder card. For example, if a bank account has two owners, each of whom has a card, the daily limit is 60 euros per card, or 120 euros for the account.

Credit and debit cards will be usable as normal for purchases within Greece, up to the limit given by the bank contract.

Credit and debit cards will be usable as normal for purchases online at electronic stores that have an account in a Greek bank.

Payments through the Internet or by phone will be carried out as normal with no restrictions as long as the account to which the payment is made is in Greece.

Debit and credit cards of foreign banks can be used as normal, as long as they have been issued abroad. Debit and credit cards of foreign banks issued in Greece come under the same rule as those of Greek banks.

WILL WAGES BE PAID OUT AS NORMAL?
Yes, as long as the employer makes payments electronically.
http://www.newsbomb.gr/en/story/601351/gov-t-posts-details-on-bank-transactions-including-daily-limit-and-exemptions

Offline Maik

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Re: Banks closed
« Reply #4 on: Tuesday, 30 June, 2015 @ 00:53:43 »
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Chancellor's statement on Greece
George Osborne on the latest developments in the financial crisis in Greece and how they might affect British citizens.

...there are 40,000 British residents in Greece, including 6,000 receiving payments from the Department of Work and Pensions and around 300 receiving public sector pension payments.

The Greek government have announced a bank holiday in Greece, lasting at least until after the conclusion of the referendum on 5th July, and restrictions on withdrawals from ATMs.

Withdrawals will be limited to €60 per day per account for Greek accounts.

The Greek bank accounts of these British residents are subject to these restrictions. Their UK bank accounts are not affected.

International payments into Greece are exempt from the restrictions that the Greek authorities have placed on the banking system.

That means that UK government payments, including state pension and public service pension payments should be permitted and I can confirm that those payments will continue to be made in the usual way.

However the situation remains fast moving and uncertain, we will keep it under review and I recognise that people may be concerned.

I have asked the Department for Work and Pensions and public service pension administrators, to attempt to contact people that draw a British state or public sector pension from a Greek bank account.

These people will be helped to switch these payments to a non-Greek bank account if they wish.

So let me be clear: British pensioners are being paid as normal.
https://www.gov.uk/government/speeches/chancellors-statement-on-greece