Sunday, June 28, 2015

Crisis in Greece: Banks and the stock closed from tomorrow – Trade

Athens. Greek Prime Minister Alexis Tsipras said on television Sunday the temporary closure of the Greek banks , and the introduction of capital controls, while invited people to remain calm.

The Athens stock market will also have its doors closed on Monday, according to a source in the financial sector, Reuters reported.

The rejection of the Eurogroup to extend assistance program Greece beyond the June 30 “led the European Central Bank ( ECB ) not to increase the liquidity of Greek banks and forced the Bank Greece to activate measures of temporary closure of banks and limiting bank withdrawals, “said Tsipras.

The Greek prime minister said that” the deposits of citizens in Greek banks are absolutely guaranteed “.

Tsipras blamed the European partners of Greece and the European Central Bank to force his country to take these actions, but said that did not stop the plan to hold a referendum on Sunday.

The rejection “of the Greek government asked for a short extension of the program was an unprecedented act by European standards, questioning the right of a sovereign people to decide,” said Tsipras in a televised address to the nation.

“This decision today led the ECB to limit available liquidity for Greek banks and forced the Greek central bank to recommend a bank holiday and restrictions on withdrawals from banks” said

Source:. Agencies

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