Monday 29 June 2015

Greek Crisis: Greece Banks Shut Down Until July 7th(Photos)



The Greece debt crisis has continued to linger as their bailout from the EU expires tomorrow. Unexpectedly today, the Greeks woke up to closed banks, closed cash machines (ATM) the people are unable to withdraw cash today.

The country has been plunged into deep economic crisis and the battle is far from over, as Athens looks at extending its bailout process but this means they have to stay in the Eurozone. Though an agreement has not been reached between Greek and the EU.  This bank closure affected stock markets allover Europe and beyond.
According to BBC, Greece is due to make a €1.6bn payment to the IMF on Tuesday - the same day that its current bailout expires.
Continue to see photos....Last week, talks between Greece and the eurozone countries over bailout terms ended without an agreement, and Prime Minister Alexis Tsipras then called for a referendum on the issue to be held on 5 July.
At the weekend, the Greek government confirmed that banks would be closed all week, and imposed capital controls limiting bank withdrawals to €60 (£42) a day.

"Greece's decision to shut banks over the weekend is just the most dramatic element of a crisis that has spiralled out of control," said Chris Beauchamp, senior market analyst at IG.

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Pensioners at a National bank, waiting.                       

Report says the Greek banks will stay closed until 7 July 
                   


Giorgos, a 77-year-old pensioner from Athens, sits outside a branch of the National Bank of Greece as he waits along with dozens of other pensioners, hoping to get their pensions in Athens

A woman pulling a shopping cart reacts outside a closed Eurobank branch in Athens
 
 

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