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No Money, No Supplies, No Workers: Life for Greek Small Business

Demise Of Greek Textile Industry Offers New Opportunities
Photographer: Yorgos Karahalis

As Greeks hope for the best outcome to the crisis shaking their nation, small businesses are preparing for the worst.

Maria Iliadou, who owns a franchise for the Goody’s Burger House chain in Thessaloniki, said suppliers who used to get paid via electronic banking are asking for cash for July. With capital controls into their second week and banks shut, she said she will have to close by the end of this month if she can’t access her account.