Greece got a temporary lifeline for its banks today to help them cope with a deposit drain in the run-up to a summit of the eurozone’s 19 leaders that could determine the country’s future in the euro.Uncertainty has grown after a meeting yesterday on the reforms Greece must make to get more loans ended in acrimony.Greece has a debt payment on June 30 it cannot afford and a default could eventually see it drop out of the euro. Several European countries are now openly saying they are getting ready for such a possibility
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In the streets of Athens, there were no visible signs of distress or larger than usual lines at banks or supermarkets. Officials, however, signaled an increase in withdrawals and transfers, which can also be made electronically.
