Ten Things You Need to Know Today: Monday 20 Jul 2015

1. Greek banks reopen after three weeks

Banks in Greece are open again today after three weeks of closure, after an agreement was reached on a new bailout with the EU. Serious restrictions remain in place, however: money cannot be transferred abroad and there is a weekly limit of €420 (£291) on withdrawals. VAT on many goods and services is rising today.

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