Greeks on bank-reopening: cash limits remain and taxes soar

Greek banks reopened on Monday for the first time in three weeks with capital controls remaining in place.

Customers can withdraw the daily limit of 60 euro cumulatively at the end of the week. In addition, they can deposit and transfer cash between existing accounts and activate web, mobile and phone banking services.

Despite the banks’ reopening, for most Greeks, Monday was all about rising prices as tax hikes demanded by creditors took effect.

Value-added tax has gone up from 13 percent to 23 percent on a wide range of goods and services.

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