Greek Banks to Remain Closed Monday

Greek banks, supposed to reopen Monday after two weeks of closure, will remain shut for the day, an employee at one of the four largest Greek banks told RIA Novosti Monday.

ATHENS (Sputnik) – Banks in Greece were closed late June amid massive cash withdrawal following the announcement of a national referendum on Greek international creditors’ bailout terms.

The government explained that banks were closed as an emergency move to protect the Greek financial system due to a lack of liquidity.

It was earlier announced that banks would reopen July 6, however the closure has been extended. According to the source, banks may reopen Tuesday.

"We wait every day for the resumption of normal work, however today the bank will stay closed. There have been no orders to start work," the source said.