Tuesday, September 15, 2015

Bank closures in Greece in July 2015

Some people we know before our trip and emailing us expressed concern about the money situation in Greece. We brought Euros along to pay for most of our expenses in case there was an issue.

Early July the local people were restricted to withdrawing 60 Euros/day. Later in July the banks opened once a week for people without atm cards so they could access some money and then the banks allowed a weekly withdrawal of 240 Euros.

There were some lines in front of the atm's but not long lines.

Restaurants and shops would tell us that they would not take credit cards or would take them so one can know how to pay.

When we left in early Aug. the situation settled down somewhat.

As far as we know the atms never ran out of money for Greeks and tourists.

Ryan air ran ads on tv for free trips to the places they flew in Greece in order to encourage visitors to go to Greece.

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