Greek crisis shakes global markets
Athens shuts banks and imposes capital controls
The European financial crisis reached a new peak on June 28, with the Greek government's decision to shut down its banks for at least a week and impose capital controls in an attempt to avoid the collapse of its financial system.
Measures include a tight limit on withdrawals of funds to €60 per day ($67), and a ban on payments and transfers abroad.
The decision to close the banks came at the end of yet another tense chapter in the long-running battle between Greece and its creditors. On Friday
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Europe
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
How Brexit gives FCA a tech mountain to climb
FCA international head says regulator faces huge reporting and data-sharing challenges
CFH Clearing promotes Groves to head of European sales
Paul Groves tapped to lead growing sales team in European push
UBS wins go-ahead for €32bn Brexit swaps transfer
Part VII approval paves way for transfer of UBS's FX, rates and credit business to Frankfurt
Brexit will threaten London's FX dominance – survey
Poll of foreign exchange professionals shows 80% believe the UK will vote to stay in the EU
Premier League pays 10% more for players due to FX
The euro's rise against the pound forces UK football clubs to overpay
Best Banks Awards: Deutsche Bank scoops five wins
Wins for spot FX, structured products, the eurozone, EUR/USD and EUR/JPY
Best Bank Awards: Barclays triumphs in five categories
Best bank for FX, FX in London, GBP/USD, EUR/GBP and currency options