Greece Imposes Capital Controls as Fears of Grexit Grow
Greek Crisis Hits Wallets
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Greece shut its banks and imposed capital controls in an announcement designed to avert the collapse of its financial system, heightening the risk it will be forced out of the euro. European stocks and Greek bonds tumbled.
The measures, which were announced in the dead of night, limit daily cash withdrawals to 60 euros ($66) and ban payments and transfers abroad. The stock market and banks will be closed at least until July 6, the day after Greeks will vote in a referendum on proposals needed to restore bailout aid.