Greece will close banks for 6 days, impose limits on withdrawals

ATHENS — Greek citizens on Monday woke to shuttered banks and a closed stock market at the beginning of a fateful week that may determine whether they will be able to hold on to the euro currency. European markets were tumbling sharply after Greek leaders early Monday closed banks for six business days and imposed strict limits on ATM withdrawals, in a bid to stem bank failures as an international bailout was set to expire Tuesday. Greece’s creditors and its leaders were poised to keep talking about whether there was any way to pull back from the brink of economic collapse amid anger and recriminations on both sides.Read full article >>