The Latest: Greek banks to reopen to let pensioners get cash
By The Associated Press, Associated Press
Jun 30, 2015 2:52 AM CDT

ATHENS, Greece (AP) — The latest news on Greece's financial woes on a day a big repayment to the International Monetary Fund is due and the country's bailout program with European creditors ends (all times local):

10.42 a.m.

The Greek Finance Ministry says it will open about 1,000 bank branches across the country for three days this week to allow pensioners without bank cards to make withdrawals — but for a total of just 120 euros ($134) for the week.

It was unclear why they would not be allowed to withdraw the 60-euro daily limit.

Meanwhile, irate depositors called in to television stations to report that some ATMs in Athens had run out of 20-euro notes, leaving them dispensing 50 euro notes only.

10.27 a.m.

Jean-Claude Juncker, the head of the European Commission, has made a last-ditch effort to help Greece get a bailout deal, provided Greek Prime Minister Alexis Tsipras campaigns for staying in the euro.

An EU official, official who asked not to be identified because of the sensitivity for the talks, called it "a sort of last-minute offer" before Greece's bailout program runs out later and Athens needs to make a 1.6 billion euro ($1.8 billion) debt payment to the IMF.

Under the offer, Tsipras would need to write to Junker and other leaders saying he accepts the offer which was on the negotiating table last weekend. He would also have to change his position on Sunday's referendum. Tsipras has said he will urge a vote against creditors' proposals.

10.04 a.m.

The mood in European financial markets remained edgy amid growing expectations that Greece will not make a repayment to the International Monetary Fund.

Prime Minister Alexis Tsipras said Monday the payment would not be made if there is no deal with creditors over extending Greece's bailout.

In early trading, the Stoxx 50 index of leading European shares was down 0.9 percent while Germany's DAX fell 0.7 percent.

On Monday, stocks slid in the wake of Greece's decision to call a referendum for July 5 on creditors' bailout proposals and to impose controls on capital.