VIDEO: Tourist in Greece withdraws large sum from ATM

On the day Greece officially defaulted on an IMF repayment, capital controls remained in place at Greek banks. The limits applied only to Greek nationals, restricting them to withdrawals of 60 euros per day.

Tourists, as this video shows, were able withdraw larger sums. The person in this video withdraws 600 euros.

In a letter to the heads of the European Commission, International Monetary Fund and European Central Bank dated June 30 and published by the Financial Times on July 1, Greek Prime Minister Alexis Tsipras said the country would accept most of the conditions set down by the country’s bailout creditors. However, a referendum on the deal was still due to go ahead on July 5.

In the German parliament on the same day, Chancellor Angela Merkel said there would be no bailout program prior to the referendum.

Video credit: YouTube/Kavas Yachting

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