Banks in Greece reopen after three weeks

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ATHENS: Greeks were queueing outside banks morning as banks in the crisis hit country are reopening after three weeks.

The financial institutions opened their doors for the first time in three weeks, amid hopes that the beleaguered nation can reach a swift agreement with its international creditors on a bailout of its wrecked economy.

Limits on cash withdrawal still remains in place, but have been loosened.

Greeks are now able to withdraw up to €420 (£290) a week in one transaction, rather than being limited to €60 a day. But restrictions on sending money abroad and other controls have not been lifted and the Athens stock market is closed until further notice.

Athens reached a cash-for-reforms deal aimed at avoiding a debt default and an exit from the eurozone.
Meanwhile, Germany has said it is prepared to consider further debt concessions to Greece.