People line up to withdraw cash from an automated teller machine (ATM) outside a National Bank branch in Athens, Greece July 17, 2015. REUTERS/Yiannis Kourtoglou
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Greece said Saturday its banks will reopen after a three-week shutdown, as a revamped government took up the task of enacting unpopular fiscal reforms amid doubts over the viability of the country's planned bailout.Greece must approve a second batch of banking and justice-related reforms on Wednesday to qualify for the three-year bailout of up to 86 billion euros ($94 billion).The three-week shutdown of Greek banks has cost the country's struggling economy some 3.0 billion euros ($3.3 billion), the Kathimerini daily said Saturday citing commerce groups.A limit on ATM withdraws will remain at 60 euros a day, but from Monday Greeks will be able to withdraw their weekly quota all at once, thanks to a new cumulative weekly withdrawal limit of 420 euros ($458).
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