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    People line up at an ATM machine outside a National Bank branch in Athens

    Limits on Bank Transfers, ATM Withdrawals Not Applied to Tourists in Greece

    © REUTERS / Alkis Konstantinidis
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    Financial crisis in Greece (197)
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    The Greek government has assured tourists that the limits on bank transfers and ATM cash withdrawals will not apply to them.

    ATHENS (Sputnik) – Greek Prime Minister Alexis Tsipras confirmed on Sunday that Greek banks would be suspending work and introducing restrictions on various transactions, a move that followed the European Central Bank’s (ECB) decision to keep the level of emergency liquidity assistance to the Greek bank sector unchanged.

    "All of those visiting or about to visit Greece should be informed that the measures implemented by the Greek government on capital control, do not apply to those who wish to make transactions or withdrawals, via ATM, using the credit or cash cards issued in their country of origin," the government press service said in a tourist information release.

    On Saturday, a round of talks on Greece’s bailout ended with no results. The Eurogroup blamed Greece for breaking off talks as Athens announced a July 5 referendum for voters to decide whether to accept the new bailout deal offered by the lenders.

    Also on Saturday, Eurozone finance ministers refused to extend Greece’s bailout program beyond the Tuesday (June 30) deadline.

    If Greece fails to reach a deal with its creditors, including the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Union, in the coming days it may default on its debt and exit the eurozone.

    Topic:
    Financial crisis in Greece (197)

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