Greece wants to start charging people for cash withdrawals to prevent a run on banks

The cash-strapped Greek government has introduced a surcharge at cashpoints to prevent Greek citizens from withdrawing their cash.

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A senior finance ministry official said: “The surcharge is just one of a grab-bag of measures we are considering if things get tough.”

Withdrawals exceeded €15 billion in the run up to the February elections that catapulted Alexis Tsipras and the far-left Syriza government to power. Greek residents were reported to have stashed wads of money behind bathroom tiles and under floorboards.

Greek debt crisis: Cash-strapped country runs out of money to pay public sector workers

GREECE’s public sector employees and suppliers have not been paid amid further signs the cash-strapped country’s bankruptcy is imminent.

As the country’s need for a bailout loan reaches crisis point, workers and business reliant on government funding have been left in a state of panic and confusion.

“We are now running one month behind on our salaries. Until only recently we were two months behind, and no-one would tell us if and when we would get our next pay cheque,” one employee at an institution funded by the government told the BBC.