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How Greeks are surviving without banks

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how greeks are surviving without banks

Greeks are getting creative with managing their money as the nation’s bank shutdown enters its third week.

You’d expect widespread panic. But some Greeks in Athens say they’re getting by, even though they’re restricted to account withdrawals of no more than 60 euros ($67) per day.

And with the banks closed, that means making regular trips to ATMs — or devising other ways to get their hands on cash.

Waiter Lorenzo Kaci, 26, who works in a popular Athens kebab shop, said he asked his employer in advance to be paid in cash.

Kaci said many other workers arranged to have half their salary deposited into their bank accounts, and half paid in cash.

Related: The Greek crisis … in 2 minutes

And even some workers whose paychecks go directly into their bank accounts are finding ways to cope.

Take George, 37, and his wife Anna, 32, for example. Their paychecks go straight into the bank. When they need cash, they take out 50 or 60 euros from the ATMs. They say there’s a silver lining.

“We [are forced to] save money. For us, it wasn’t a big deal,” said Anna, who requested that their last names be withheld.

Although many Greeks tend to stick to cash, the couple has also begun using their credit cards more for ordinary expenses. That gives them a bit more flexibility with how they spend.

As for those who have to pay the monthly rent, there’s an understanding between some tenants and landlords that payments may be late or trickle in because everyone is aware about the banking limits.

Besides, George said, many people his age still live with their parents, thus removing any concerns about late payments

Related: Living on the streets of Athens

There is, however, one group of Greeks for whom the bank closures are more troublesome: pensioners who rely on regular government payments are having the most difficult time.

Certain banks have been allowed to remain open so retirees can collect their checks. But many of these people have to wait in long lines and have been restricted to 120 euros ($133) per week.

And the banks open only for short periods. Anna said people she saw lined up outside looked afraid.

This general nervousness has driven many people to go to ATMs every day to take out as much money as they are allowed.

Their reasoning: hiding cash under the mattress is better than keeping it in an unstable bank.

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Editorial

Involve Africa Holds An Evening With Youngest Local Govt Boss In Lagos, Gbenga Abiola

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The Involve Africa Group hosted the youngest Local Government Area boss, Hon Gbenga Abiola, the current SOle Administrator of Agege LGA.

The event was held at the MRC Hall, Lagos State University Teaching Hospital, Ikeja, Lagos on Tuesday, June 27th.

Sole Administrator of Agege LGA, Hon Gbenga Abiola with the Convener of Involve Africa, Ibrahim Owolabi during an interactive session

The event which was themed; Youth & Governance: Access, Capacity and Engagement had Hon Abiola share his experience so far in politics of the State and how he remained relevant till he was appointed by the State Governor, Akinwunmi Ambode.

The Founder and Executive Director of Involve Africa, Ibrahim Owolabi stated that the project is to encourage young active Africans get involved in the democratic governance process of Nigeria and Africa at large.
He stated that with the likes of Abiola in governance, it was certain that youth still have a place if they get engage properly in grassroots politics.

In his remarks, Hon Abiola urged the youth to get themselves rooted in the activities that make up a party. He shared his testimony of starting off as a party agent and rose in the Local Government hierachy before he was recommended by the Speaker of Lagos State House of Assembly, Rt

Hon Mudashiru Ajayi Obasa.

Hon Abiola disclosed that his loyalty to his party, the ruling All Progressives Conress rewarded him with the lofty position when the time of  appointment came forth.

Hon Abiola giving his acceptance speech after he was presented with recognition award by the Involve Africa Team.

He disclosed that despite being told to step down for an aspirant in the past did not stop him from participating in the party’s activities.

He encouraged the youth present at the programme to always remain focus in order to change the narrative in the playing of politics in Nigeria and also to always be ready to demand for accountability from their elected officials.

© 2017, Kazeem Shuaib. All rights reserved.

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Africa

president Buhari sick absent at fec meeting again 

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President Muhammadu Buhari was absent again today at the weekly Federal Executive Council meeting in Abuja.

The meeting is being presided over by Vice President Yemi Osinbajo.

The cabinet had awaited the president’s arrival until the State House Chief of Protocols suddenly stepped in at 11.00am and whispered to Osinbajo.

A security officer had also stood anxiously behind the president’s official seat in expectation of Buhari’s attendance.

The Council Chambers of the Presidential Villa are scanty as only about 20 ministers were seated as of the time journalists were leaving.

Osinbajo kick-started the meeting with a call for the recitation of the national anthem as well as prayers by the Ministers of Education and Health, Adamu Adamu and Isaac Adewole respectively.

Immediately the meeting commenced, ministers were sighted curiously whispering.

A fortnight ago, Buhari was also absent at the weekly council meeting.

The meeting did not hold last week with the Presidency citing the Easter break.

The acting Secretary to the Government of the Federation, Dr Habibat Lawan, is in attendance.

Lawan became acting SGF last Wednesday following the suspension of Babachir David Lawal who is being investigated for alleged mismanagement of funds meant for the development of the northeast.

Daily Trust

© 2017, Kazeem Shuaib. All rights reserved.

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Editorial

Oloori Jay – The Real Estate Giant Woman Doing A Mans Job Even Better

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Oloori Jay – The Real Estate Giant Woman Doing A Mans Job Even Better
Oloori Jay – The Real Estate Giant Woman Doing A Mans Job Even Better

Oloori Jay – The Real Estate Giant Woman Doing A Mans Job Even Better

She is amazing, beautiful and captivating. She makes us look forward to each new day that we spend together. She goes by the name ‘Juliena Temitope Ali’ popularly called Oloori Jay, a business woman, mega real estate realtor, consultant, charity lover and a hustler. She believes that whatever a man can do, a woman can do even better.Juliena Tosin Ali is constantly on our mind, and not a moment goes by that we want to be apart. She holds the keys to our heart, and she deserves to know it.

After having a little interview with her, she explained to us how busy she can be and took us around showing us how she spends her daily life, check it out below;

[youtube https://www.youtube.com/watch?v=clEQ9W2s3dk]

by Lucky O. Freeman
Lagos, Nigeria

© 2017, Lucky Freeman. All rights reserved.

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