Analysis

The refugee crisis has revealed rifts among EU member states trying to cope with the influx of asylum seekers who hope to make their way to the wealthier parts of Europe. EU leaders are acting in very different ways: some, albeit very few, are taking the humanitarian high ground, while others are either cherry-picking which refugees are permitted to enter their countries or closing their borders altogether.

The last in a long row of illegal-migrant-related incidents plaguing Europe for the better part of this year, the Calais crisis set out to dominate not only this week’s headlines but also the debate about the UK’s relationship with the European Union.

In a bid to boost morale and ease the financial squeeze on Greek citizens, banks reopened on Monday, 20 July, after being closed for 3 weeks. Though banks are fully operational, withdrawals will still be capped at €60 per day, but now with the possibility to withdraw a whole week’s worth in one go. Restrictions on overseas payments remain in place. Also, trading on the Athens Stock Exchange is still frozen, along with clearing services and cash settlements for Greek securities.

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