Greeks Wrestle With Bailout Dilemma as ATM Lines Grow

TIME

It was easy to gauge the rising panic in Athens this weekend by the length of the lines at the ATMs. On Saturday, when Greeks learned that they would have to vote on the terms of their country’s bailout program in a snap referendum on July 5, clusters of people began to gather at the machines that still had cash to give. By Sunday afternoon these lines were sometimes stretching entire blocks as word spread of the government’s shocking announcement: the banks would not be allowed to open in the morning, and they would start limiting how much money their clients could withdraw.

The resulting anxiety, which would seem to herald an imminent climax in the five-year-old saga of Greece’s depression, will now form the atmosphere for next weekend’s referendum. The choice voters face is stark: They can either vote Yes to more tax hikes and pension cuts as…

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