“On Wednesday, July 1, approximately 1,000 bank branches throughout the country will open for three days straight in order to serve retirees who do not have bank cards and are allowed to withdraw up to 120 euros in cash once for the duration of this week,” the Finance Ministry said.
The banks have also been instructed to immediately issue debit cards to all retirees so that they may withdraw funds of up to 60 euros a day like everyone else.
To save the country’s credit system, Greek authorities on Sunday established capital controls to limit financial transactions, closing banks for six business days beginning Monday.
Athens must deliver the next $1.7-billion payment on Tuesday to the International Monetary Fund, one of its major creditors. If the sides fail to reach a deal, Greece may default on its debt and be forced to exit the Eurozone.