Greek banks will open 850 branches on Thursday, but only to pay pensions, a Greek government official said Monday, according to Reuters. The banks will remain shut for all other business, according to the report. The Greek government over the weekend closed the country's banks and imposed capital controls in a bid to halt deposit flight after talks with international creditors broke down. Banks aren't scheduled to reopen until after a July 5 bailout referendum. Earlier, a Greek official had told a news briefing that bank branches would open earlier than Monday, but later clarified that move would be only to make pension payments, the report said.
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