Chaotic scenes as Greek pensioners rush to grab cash as crisis hits the banks

In chaotic scenes, thousands of elderly Greeks have besieged the nation’s crisis-hit banks, which reopened to allow them to withdraw vital cash from their state pensions. “Let them go to hell!” shouted one pensioner, after failed talks between Athens and international creditors sparked a week-long banking shutdown. Prime Minister Alexis Tsipras’s government ordered the banks to close on Monday for one week and imposed strict capital controls to head off a banking collapse after panicking Greeks emptied the nation’s cash machines

I took the money out. I know that this is not enough, but that’s what I could take and so I took it.

Dyonisia Zafiropoulou, a former employee of the national electricity company DEI.

Athens has now reopened almost 1,000 bank branches for three days to allow pensioners without bank cards to withdraw 120 euros ($133) to last them the rest of the week. Under banking restrictions imposed all week, ordinary Greeks can withdraw up to 60 euros a day for each credit or debit card. But many of the elderly population do not have them. Pensioners with cards will not be eligible for the 120 euros withdrawal, because they can already withdraw significantly more cash per day via ATMs. The move has again sparked lengthy queues at banks across Greece – and outrage from many retirees who are regarded as among the most vulnerable in society, exposed to a vicious and lengthy economic downturn.

I worked for 50 years on the sea and now I am a beggar for 120 euros. I have no money for medication for my wife, who had an operation and is ill.

A retired sailor who also asked not to be named.

Business Greece