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PM pledges 'significant steps' against domestic violence - Jerusalem Post Israel News + MORE Nov 26th
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Time to hit the rails! Aeroplan members can now earn and redeem points for Rocky Mountaineer rail journeys + MORE May 28th
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10 Ways to Save Money on Your Vacation + MORE Jul 10th
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After Five Years, Dodd-Frank Is a Failure
– online.wsj.com
The law has crushed small banks, restricted access to credit, and planted the seeds of financial instability.Greek banks open, but transaction restrictions remain; prices on many goods and services rise
– canadianbusiness.com
ATHENS, Greece – Greeks will finally see their banks reopen at 8 a.m. local (0500 GMT) Monday morning, but many restrictions on transactions, including cash withdrawals, will remain.
Also, many goods and services will become more expensive as a result of a rise in Value Added Tax approved by Parliament last Thursday, among the first batch of austerity measures demanded by Greece’s creditors.
The parliament also agreed to deep reforms in the pension system including a gradual phasing out of all early retirement options.
In a decree published Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases…
Also, many goods and services will become more expensive as a result of a rise in Value Added Tax approved by Parliament last Thursday, among the first batch of austerity measures demanded by Greece’s creditors.
The parliament also agreed to deep reforms in the pension system including a gradual phasing out of all early retirement options.
In a decree published Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases…
