Jun
28
Greece To Close Banks For A Week And Impose Capital Controls
ByWith growing lines of depositors seeking to withdraw money from ATMs Sunday, the Greek government announced that it would impose capital controls and shut down banks and the Athens Stock Exchange.
Banks will remain closed until July 7, according to Reuters, two days after a planned referendum on concessions to keep bailout aid flowing from international creditors. During the interim, The Greek Financial Stability Council was reportedly recommending limiting Greeks from withdrawing more than 60 euros a day from ATMs — an extremely small amount that suggests Greek banks have come close to the breaking point…
Greece To Close Banks For A Week And Impose Capital Controls
