amaroo
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Greek crisis: bank reserves plummet to $736m
The Australian
The Australian
Cash reserves in the Greek banking system are down to €500 million ($736m) and ATMs are only able to distribute €50 to queues of bewildered Greeks *because €20 notes have run out.
Athens Chamber of Commerce and Industry president Constantine Michalos told London’s The Telegraph newspaperthat the banks were quickly running out of money.
“We are reliably informed that the cash reserves of the banks are down to €500m,’’ Mr Michalos said. “Anybody who thinks the banks are going to open again on Tuesday is daydreaming. The cash would not last an hour.