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Greece's competition watchdog says raids at the headquarters of the country's four systemic banks as well as the Hellenic Bank Association (EET) and DIAS Interbank Systems on Thursday and Friday was an "initial step" in its inquiry into possible cartel practices regarding customer charges.

Robbers who blew up a bank ATM in Fokida, north of Attica, in the early hours of Wednesday managed to make off with 42,000 euros in cash.

The ATM was located on the main square of Polydroso and the robbers reportedly blew it open by funneling some kind of explosive gas into the machine.