Greek banks reopen amid tax rise

Greek banks are reopening after three weeks of closures sparked by the deadlock over the country’s debt, the BBC reports.

Athens reached a cash-for-reforms deal aimed at avoiding a debt default and an exit from the eurozone.

But many restrictions remain, including a block on money transfers abroad, and Greeks also face price rises with an increase in Value Added Tax (VAT).

Meanwhile, Germany has said it is prepared to consider further debt concessions to Greece.

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