Europe Planning Bank Withdrawal Restrictions To Deal With Greece Exit

As Italian customers wake up to frozen bank accounts Europe officials are planning limited bank account and ATM withdrawals to deal with Greece exit.

European officials have announced plans to implement bank capital controls as part of a contingency plan to deal with the worst case scenario of Greece leaving the Eurozone which include imposing border checks and limiting ATM withdrawals.

The announcement of plans to limit bank and ATM withdrawals comes as many Italians are just learning their accounts have been ‘temporarily frozen’ for the next month to deal with the ‘difficult situation’ in Europe.

Categories: ECONOMY

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