Monday, June 29, 2015

Greece Set to Default, Euro Stocks Slide

The euro fell almost 2 percent and share prices tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs. 
Euro, stocks slide on looming Greece default

 Greek Prime Minister Alexis Tsipras announced on Sunday that the nation's banks and stock market would be closed on Monday amid fears of financial collapse. Greece is also set to impose capital controls that will limit the amount of funds that citizens can transfer or withdraw from its financial institutions.
Greece Will Close Banks Amid Fear Of Financial Collapse

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