- Greek government shuts the country’s banks and imposes capital controls to avert the collapse of its financial system
Market news
29 June 2015
Greek government shuts the country’s banks and imposes capital controls to avert the collapse of its financial system
The Greek government Sunday announced its decision to shut the country's banks and to impose capital controls to avert the collapse of its financial system. Banks will be closed until July 06.
Daily cash withdrawals has been limited to 60 euros and payments and transfers abroad has been banned.
Greek Prime Minister assured Greeks that their bank deposits were safe.
Stock exchange also remains closed.
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