On July 5 , Greece will adjudge a referendum to decide theirfinancial future . After compile massive debt after the financial crisis , the country has been taking loan from the European Commission , the European Central Bank , and the International Monetary Fund . These entity have inflict hard-and-fast austerity meter that have hampered ontogeny , and the vote on Sunday will decide whether Greece will continue to play by the lender ' normal or if they will go against them , leave to a probable debt default and a potential exclusion from the euro .
In the meantime , the Greek financial constancy council has go forth awithdrawal limit of € 60per solar day on standard atmosphere across the body politic to keep panicked citizens from bleeding the banks dry ( foreigners areexempt from these point of accumulation ) . But how does a nation just all of a sudden put a cork in thousands upon M of ATM ? The short response , is they do n’t .
“ As far as how atmosphere work , and how ATM internet work , individual operator control their internet and the software that runs on it , " says Jeffrey Dudash of NCR , a U.S.-based ATM maker . No individual government functionary can press a button to determine a land - wide withdrawal demarcation , they can only make the decision and implement compliance however possible .
“ There are some ATM systems that will be capable to run on software package and spread software from a key localization , " Dudash says , but those are controlled by the ATM owners and operators . " Sometimes on older ATMs it has to be done on a case by casing basis where a technician will have to go out to a locating and manually load the package onto it . ” Meaning there were believably some busy ATM technicians across Greece this hebdomad .
And what if an ATM operator decides they want to on the QT keep their machines pumping freely , unbound by any governmental restrictions ? “ I ca n’t speak to that , ” enjoin Dudash . € 60 it is .
