banks reopen in greece after a three-week slutdown but it -- slutdown but they will have harsh new bailout terms. the cuban flag is raised at the u.s. state department as the two countries restore full diplomatic relations after more than five decades apart. time for a look at the business news and we have kate moody with us. greek banks still a big topic of conversation. they have finally opened doors after three weeks and athens made a start to keep repaying -- or begin repaying debt. >> seems like good news. remember the banks are able to reopen thanks to additional emergency funding from the european central bank. monday is also the deadline for athens to repay american $4 billion euros including interest for past loans and under european low if it defaulted the e.c.b. would be required to end support for agreeing banks and finance officials say that is under way this monday and they are paying two billion euros to the i.m.f. which has been in arrears since june. there is coming from a seven billion euro bridge loan granted almost all of this to pay back the international creditors and