Banks In Greece Finally Re-Open For The First Time In 3 Weeks

Greek banks finally re-open today for the first time in three weeks. The banks were shut last last month to stem a rush of money out of the country's cash-starved financial system. 


However, the 60 Euro limits on ATM withdrawals and in-person withdrawals in banks will still continue according to a statement from the Greek Finance Ministry. 

The reopening of the banks comes as Europe's central bank promised 900 Million Euros in new emergency funding for Greece.

Formal negotiations on a new bailout worth as much as 86 Billion Euros can now begin but it won't last longer than a few weeks, however, so the pressure is still on.

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