Loading ...Greece to shut banks and stock exchange on Monday as crisis deepens
Submitted by cpowell on 10:47AM ET Sunday, June 28, 2015. Section: Daily Dispatches
By Lefteris Papadimas and John O’Donnell
Reuters
Sunday, June 28, 2015
Greece’s banks and stock exchange will be shut on Monday after creditors refused to extend the country’s bailout and savers queued to withdraw cash, taking Athens’ standoff with the European Union and the International Monetary Fund to a dangerous new level. …
The head of Piraeus Bank, one of Greece’s top four banks, speaking after a meeting of the country’s financial stability council, said banks would be shut on Monday while a financial industry source told Reuters the Athens stock exchange would not open.