Greece faces grim reality after FM steps down

It’s back to reality for Athens as panicked customers lined up in ATMs on Monday to hoard money. This comes after Yanis Varoufakis, Greek finance minister, and champion of the anti-austerity camp, quit. Fears in Greece spread that the country’s banks could run dry within hours or days, forcing untold numbers of companies to go bust. Greeks were divided over whether the European Central Bank would inject emergency euros into the country’s banks — or whether the country’s perceived nemesis, Germany, would make them suffer.

Read more on Greece’s post referendum scenario.