After voting in favor of austerity in order to prove to the rest of Europe and the world that Greece was serious about servicing its debt load, even if that debt load will need to be reduced through some form of debt relief, Greece's government has stated that banks will reopen on July 20. A daily withdrawal limit [includes cash from ATMs and money transfer] of 60 Euros was set, with a weekly maximum withdrawal limit of 420 Euros. With capital controls still in place, Greece is far from out of the woods yet as bailout negotiations get underway once more. Source: Wikimedia Commons The European Central Bank is providing emergency financing to Greece and the European Union agreed on Friday on a short-term bridge loan for Greece until a longer term 3-year bailout plan is worked out. With the liquidity, Greece's citizens with Greek bank accounts will be able to withdraw small amounts of money once more. Everyone will be watching to see if the panic continues and bank deposits continue to shrink, as changing sentiment in Greece is key in order to win over the investor, business, and consumer confidence levels needed in order for Greece to post positive GDP growth figures. We will have to see. Have any thoughts on the current crisis in Greece? Leave your thoughts in the comment section below and don't forget to like the post! Thanks for reading.