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Home Business News Politics

Greece In Shock As Banks Shut After Snap Referendum Call

Editor by Editor
June 29, 2015
in Politics
Greece In Shock As Banks Shut After Snap Referendum Call
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  • After a dramatic weekend of twists and turns, Greece looks on track to default on a repayment to the International Monetary Fund due Tuesday.
  • That puts the debt-strapped country on the edge of fiscal collapse and raises the chances it could eventually leave the European Union — a “Grexit”.

greece

  • Greek Prime Minister Alexis Tsipras announced a referendum on whether to accept terms demanded by its international creditors for this Sunday.
  • Banks and the stock market are closed and are expected to remain shut until after the referendum.
  • Source: MarketWatch
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