Bank of Greece

Greek Crisis Deepens As Govt Introduces Capital Controls; Banks, Athens Exchange Said To Be Closed For The Week

The crisis in Greece is deepening as the government announced that it will roll out capital controls in addition to closing its banks and the Athens Stock Exchange on Monday after creditors refused to extend the country’s bailout and savers flock to ATM’s to withdraw cash, Reuters reports. Athens’ standoff with the European Union (EU) and the International Monetary Fund (IMF) heads to a dangerous … Continue reading →