Greek banks to reopen on Monday

ATHENS: Greece said on Saturday its banks will reopen after a three-week shutdown, as a revamped government took up the task of enacting unpopular fiscal reforms amid doubts over the viability of the country’s planned bailout.

Scenes of desperate Greeks queueing for hours at ATMs in the sweltering heat looked set to end on Monday when the banks will again open their doors, the government announced after receiving a crucial short-term loan from the EU.