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Greek crisis: Pensioners left in the lurch

Published: Jul 13, 2015 06:56:43 AM IST
Updated: Jul 9, 2015 05:05:00 PM IST
Greek crisis: Pensioners left in the lurch
Image: Alkis Konstantinidis / Reuter

Pensioners wait outside a National Bank branch to receive part of their pensions in  Athens, Greece on July 1, 2015. The Greek debt crisis heightened on June 30 after the country missed a 1.5 billion euro debt repayment to the IMF and creditors cut off a crucial cash lifeline. Greece shut its banks for a week and ATM withdrawals were capped at 60 euros. Later, about 1,000 banks were opened for three days, and only for those pensioners who didn’t have bank cards.

(This story appears in the 24 July, 2015 issue of Forbes India. To visit our Archives, click here.)

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