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اخبار انگلیسی: درس دوم

Greek PM announces closure of banks and stock market

Greece has announced the temporary closure of banks and stock market as leaders of the US and Germany weigh in on the country’s debt crisis.

The Bank of Greece has recommended a “bank holiday and restriction of bank withdrawals” on Monday, Greek Prime Minister Alexis Tsipras announced in a statement on Sunday.

Athens stock market would also stay closed and capital controls are to be imposed, Tsipras said, adding that Greece had again asked for a “prolongation of the (bailout) program.”

The statement was released after international creditor’s refusal to extend the country’s bailout past its June 30 expiry date.

Earlier in the day, the European Central Bank stated that it would not increase financial support to Greek banks.

Amid growing concerns that the country was headed for financial collapse, Greek citizens have started to empty ATM machines.

Since Friday, panicking citizens have withdrawn 1.3 billion euros ($1.45 billion) from the Greek Banks, according to the head of the Greek bank workers’ unio