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Once Again, It May All Start with a Small Balkan Nation

DIGEST (New York Times, Wall Street Journal, Washington Post)

As reported in the New York Times, long lines are forming at ATMs across Athens. Withdrawals per account are limited to 60 euros a day--about $66. The banks have been closed for a week now, and there’s no indication of when they might reopen. In fact, Greek banks may be afraid to open their doors because skittish depositors might try to withdraw everything they can, or risk losing it all (as many in nearby Cyprus did during its last bank crisis).

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