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Greece: Some ATMs in Athens empty after ECB retains emergency funding limit00:56

Greece: Some ATMs in Athens empty after ECB retains emergency funding limit

Greece, Athens
June 28, 2015 at 13:47 GMT +00:00 · Published

Residents of Athens queuing to withdraw cash from banks across the Greek capital discovered that many cash machines (ATMs) around the city were empty, Sunday. This follows Greek Prime Minister Alexis Tsipras calling a referendum, to be held on July 5, to allow the Greek people to vote on whether to accept or reject the demands of the country's international creditors. Earlier on Sunday, the European Central Bank (ECB) announced that it would not increase emergency funding for Greece. The current ceiling stands at €89bn (£63bn).

Residents were shocked to discover that instead of allowing cash withdrawals, the cash machines displayed an apology stating: "You cannot withdraw money at this time. Thanks for the comprehension."

Greek banks confirmed that billions of euros have been withdrawn in recent days amid worries that the government could introduce capital controls as the country moves towards a potential default.

The Greek parliament is currently debating whether or not to ratify the vote. The finance ministers of the eurozone are also meeting to discuss whether to extend the bailout, which expires Tuesday, until after the referendum has been held.

Greece: Some ATMs in Athens empty after ECB retains emergency funding limit00:56
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Description

Residents of Athens queuing to withdraw cash from banks across the Greek capital discovered that many cash machines (ATMs) around the city were empty, Sunday. This follows Greek Prime Minister Alexis Tsipras calling a referendum, to be held on July 5, to allow the Greek people to vote on whether to accept or reject the demands of the country's international creditors. Earlier on Sunday, the European Central Bank (ECB) announced that it would not increase emergency funding for Greece. The current ceiling stands at €89bn (£63bn).

Residents were shocked to discover that instead of allowing cash withdrawals, the cash machines displayed an apology stating: "You cannot withdraw money at this time. Thanks for the comprehension."

Greek banks confirmed that billions of euros have been withdrawn in recent days amid worries that the government could introduce capital controls as the country moves towards a potential default.

The Greek parliament is currently debating whether or not to ratify the vote. The finance ministers of the eurozone are also meeting to discuss whether to extend the bailout, which expires Tuesday, until after the referendum has been held.

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