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Greece crisis: 7 photos that show what happens when banks close

ABOVE: World markets tumbled this morning as Greece closed its banks in a last ditch effort to avoid a financial meltdown

TORONTO – Greece’s banks remain closed Monday morning, and will remain closed through Monday, July 6.

Restrictions on cash withdrawals from ATMs are limited, and didn’t start dispensing money until the afternoon. People lined up all day to try to get their daily allotment of 60 euros ($66).

People line up at ATMs outside a National bank branch, in central Athens, Monday, June 29, 2015. (AP Photo/Petros Giannakouris).

READ MORE: Greece orders banks to remain closed Monday to avert financial collapse

Anxious greek pensioners waited for hours outside banks to hoping to receive their pensions.

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Anxious Greek pensioners swarmed bank branches hoping to be able to receive their pensions Monday and others lined up at ATMs as they gradually began dispensing cash again on the first day of capital controls imposed in a dramatic twist in Greece’s five-year financial saga.
Anxious Greek pensioners swarmed bank branches hoping to be able to receive their pensions Monday and others lined up at ATMs as they gradually began dispensing cash again on the first day of capital controls imposed in a dramatic twist in Greece’s five-year financial saga.
A bank employee explains to pensioners that they will not be able to cash retirement checks at the bank until further notice, outside the National bank of Greece headquarters in Athens, Monday, June 29, 2015.  (AP Photo/Petros Giannakouris).
Elderly people wait to receive their pension outside the National bank of Greece headquarters in Athens, Monday, June 29, 2015. (AP Photo/Petros Giannakouris).

READ MORE: Pensioners swarm closed Greek banks amid withdrawal limits

The country’s stock exchange is also closed for the week.

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Blank screens are seen, on the first day of capital controls imposed to prevent Greeks from withdrawing all their savings from the banks, at the Athens Stock Exchange on Monday, June 29, 2015.  (AP Photo/Thanassis Stavrakis).

Foreign credit and bank cards aren’t affected by the limit, meaning Greece’s thriving tourism industry can continue as normal.

Tourists take snapshots with the ruins of the fifth century BC Parthenon temple on the background in Athens, Monday, June 29, 2015. (AP Photo/Daniel Ochoa de Olza).

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