Stock markets tumble around the world as Athens closes banks for a week and orders capital controlsShare prices slumped across Europe on Monday as Greece shuttered its banks for a week following a fateful weekend that has shaken Europe’s single currency. The Greek government decided on Sunday night it had no option but to close the nation’s banks the following day after the European Central Bank (ECB) raised the stakes by freezing the liquidity lifeline that has kept them afloat during a six-month run on deposits. Related: Greece debt crisis: markets slide after capital controls imposed - live Related: Greek debt crisis: the key points of Athens bank controls Continue reading...
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