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Moody's Corporation

Greece in limbo: Shuttered banks keep lifeline

Greece in limbo: Shuttered banks keep lifeline

Greece braced for more chaos on the streets outside its mostly shuttered banks Thursday, as Athens and its creditors halted talks on resolving the country's deepening financial crisis until a referendum this weekend. Banks have been closed all week to prevent a crash from mass money withdrawals, while a few have been reopened to help pensioners without ATM cards. But they are still in business. The European Central Bank left the terms of its emergency $100 billion cash support to Greece unchanged, a day after Athens slipped into arrears with the International Monetary Fund and its bailout program expired. The move kept chances alive for a settlement between Greece and creditors....