Greeks Balk at New Austerity Measures

Greek banks finally reopened Monday after being closed for three weeks.

Long lines formed outside banks in Athens as strict limits on cash withdrawals remain in place -- 60 euros ($65) a day or a maximum 420 euro ($455) withdrawal weekly.

"I had 20 euros in my pocket when this happened. They said that today we would be able to withdraw 400 euros, but I could only withdraw 60," pensioner Andreas Chrisavas said.

Greek banks closed their doors on June 29 to prevent a run on the banks after the country flirted with bankruptcy, defaulting on debts to the International Monetary Fund as its second bailout deal expired.

Now average Greek citizens will have to pay for austerity at the cash register in the form of a 23 percent sales tax, up from 13 percent, on many basic goods, making almost everything more expensive in this poor nation. Pensions have also been cut.

Bank customers will still not be able to cash checks, only deposit them into their accounts. Neither will they be able to use their credit or debit cards to withdraw cash abroad, only make purchases.

For Greeks, this is not a solution. And far left-wing Prime Minister Alexis Tsipras is struggling to contain a growing revolt within his own party over the deal.