News Greek Banks Reopen Today With Restrictions

Discussion in 'The Howard Stern Show' started by dawg, Jul 20, 2015.

  1. dawg

    dawg In The Dog House Staff Member

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    Greek banks reopened on Monday after being closed for three weeks but many restrictions remain.

    The limit on cash withdrawals stays at sixty euros a day, capped at 300 euros this week. That will be raised next week to 420 euros.

    Customers may not cash cheques, only deposit them, and can not buy anything online.

    Businesses need special approval to pay for imports.

    Some customers reported that many bank branches were not ready for business which resulted in frustrated customers.

    One customer commented, “...withdrawals, cheques, whatever a business needs to operate properly still has a problem. I hope step by step we will get back to normal.”

    “Frustrated? I cannot describe it. Why? Because the people that organised this have no brains at all… I’ve been here two or three hours,” said another.

    “I lost my place in line, because people pushed in front of me, there was nowhere to sit, my legs are aching,” said a customer who said he had been at the branch for an hour and a half.

    Banks said customers should expect “minor delays” after they closed to save the system from collapsing under a flood of withdrawals .. but they expect services to return to normal.
     
  2. garypagetwo

    garypagetwo The Gun VIP

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    All hail the great Dawg Bot
     
  3. NyMarkNy

    NyMarkNy VIP Extreme Gold

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    The most ridiculous part of it all was the current government was elected based on fanatical notions of how to tell Europe to go fuck themselves and demand previous loans reduced to almost nothing and austerity measures done away with. The referendum vote went their way and the vast majority of Greece celebrated by declaring themselves proud greeks who will bow to no one, while telling the EU to go fist itself.

    And then they agreed to even stricter austerity measures. LOL.
     
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  4. dawg

    dawg In The Dog House Staff Member

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    I'm just wondering what people ate for the three weeks the banks were closed.
     
  5. NyMarkNy

    NyMarkNy VIP Extreme Gold

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    Were they ever actually closed? It was my understanding the 60 euro per day withdrawal was in effect the entire time.
     
  6. dawg

    dawg In The Dog House Staff Member

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    I Don't know, the news report says they were closed.
     
  7. Samurai

    Samurai Well-Known Member VIP

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    How long will the citizens of Germany let the Merkle governing coalition stand? They already perceive that she caved, and they see the Greeks as freeloaders.
     
  8. Jackies Jetty

    Jackies Jetty Member

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    Closed. But you could get 60 euro out of the atm.
     
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  9. check1

    check1 VIP Extreme Gold

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    The Eur/usd has been bountiful as of late.