Greek Stock Market Closes 16 Percent Lower After Finally …

The Athens stock exchange closed 16 percent lower on Monday after it reopened for the first time in five weeks, according to an unofficial tally.Reuters reported that Greek banking stocks fell 30 percent, hitting the bourse’s daily volatility limit, with sellers lining up and no buyers. Earlier, the sector was being pummeled across the sector, including Alpha Bank, Attica Bank […]

Greek Capital Controls Begin: Greek Banks, Stock Market Will Not …

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

Update 2: Greece’s Skai […]