Greek Banks To Shut As Capital Controls Are Imposed Amid Financial Crisis

Greeks are scrambling to withdraw money from ATMs, but the amount they can take out will be restricted under emergency capitol controls.

Milos Bicanski / Getty Images

The news comes after Athens and its European lenders have failed to find common ground over the terms of a second financial bailout during protracted talks in Brussels over the past week.

Under capital controls, the amount of money people will be able to withdraw from banks will be restricted. However, Tsipras saids Greek bank accounts and pension funds are still secure.

Long lines were seen at many ATMs, as Greeks scrambled to withdraw whatever funds they could from their bank accounts.

Alkis Konstantinidis / Reuters

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SOURCE: BuzzFeed