Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday

Via avordvet

 

"The launch of capital controls just as the Greek summer tourism season starts, is sure to be the final crushing blow to Greece, whose entire economy will now grind to a halt."

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Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6.

• GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI
• GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE
• GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28
• GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS
• GREEK GOVT SETS UP COMMITTEE TO APPROVE PAYMENTS ABROAD
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