Greek bank closure cost economy 3 billion euros
The Greek government has ordered banks to reopen on Monday under slightly changed capital control measures. Exports and the retail sector took a massive hit during Greece’s three-week shutdown.
Greece’s economy suffered a 3 billion euro ($3.2 billion) loss when the government shut down its banking sector on June 29.
On Saturday, the newspaper “Kathimerini” estimated the financial cost of the capital control measures, which led to millions of customers’ checks and bills being left unpaid and ATM withdrawals limited to 60 euros per day.
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Source News: DW