D-Day for Greek Banks Looms Following Austerity Referendum
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The chairman of Greece’s biggest bank put an end to the speculation about how long the nation’s crippled lenders can function after Sunday’s referendum.
Without a fresh injection from the European Central Bank -- or a reduced ceiling on withdrawals -- ATMs will start running dry within hours of the vote, according to Louka Katseli, chairwoman of the National Bank of Greece.