Greek banks to remain closed for two more days despite debt deal

[brooklynite]

Source: RTE Ireland

The banks in Greece will remain closed for at least two more days, despite a deal to secure a third bailout reached after 17 hours of talks in Brussels.

Greek Prime Minister Alexis Tsipras has flown back to Athens to try to get the controversial bailout deal he secured from creditors through parliament.

It came as anger mounted at more painful austerity measures that could fracture his government. He said Greece secured debt restructuring and medium-term financing in a package worth €35 billion.

Read more: http://www.rte.ie/news/2015/0713/714411-greek-reax/

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I wonder how many businesses are on the verge of failure (or have failed already) because of the extended bank closure.

[hack89]

1. They fear a run on the banks

I am not sure what they can do two days from now though - perhaps they are hoping some of the panic subsides.

[PoliticAverse]

2. I guessing the answer is stock up the banks with cash. n/t

[CTyankee]

5. that was my first thought...this is one helluva situation...I can't imagine being a Greek

citizen right now...

[madville]

4. The deal that hasn't been approved yet?

How can the banks "still be closed despite a deal" when the deal hasn't been approved by Greece yet?

[cstanleytech]

6. Probably not as many that would have failed if the banks had remained open or will fail

if the Greek government says no to the deal Wednesday.

[CountAllVotes]

7. Not this one

[Sunlei]

8. thats probably a good idea. people can get daily cash at ATM and tourists can get 10X cash or use...

their credit cards to buy at shops like its always been.