Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalization under a lengthy financial rebuilding, industry sources said.
The decision to close the banks and impose capital controls starting Monday was difficult, yet re-opening them and finding a way to lift the measures could prove even tougher, experts warned.
Creditors said the door to negotiations remained open despite the government's decision to break off talks and put their latest cash-for-reforms offer to a referendum next Sunday, but that a "no" vote would signal an exit from the euro.