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Greek ATMs will be empty on Monday – unless Europe steps in

The head of the Greek Banks Union just admitted that Greece's ATMs will run dry by Monday unless Europe steps in and loans it more cash. Strict capital controls were introduced in Greece last weekend limiting people to withdrawals of €60 (£42, $66)a day and the country's banks are reportedly down to their last €500 million (£355.6 million,$555 million). Now Reuters is reporting that the head of Greece's banking association says banks have enough liquidity to last them through to Monday morning, but after that it is dependant on the European Central Bank (ECB) raising the cap on Greece's use of the Emergency Liquidity Assistance (ELA) scheme.
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