Tagged debt crisis

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.

Citizen Correspondent

By Deniz Torcu

The image that has started to go viral in social media amongst Greek users is simple, yet strong enough to explain the stand of the majority. It says a clear “NO”, however the rejection is composed of the sentence “YES TO THE EURO”. My recent trip to Athens was a clear depiction of how devastated the country really is. The once busy neighbourhoods filled with restaurants, cafés and shops are now being replaced by two yellow signs that mark the desperation of the people: “for rent” and “for sale”, appearing side by side.

© 2020 Katoikos, all rights are reserved. Developed by eMutation | New Media