Greek Debt Crisis - Banks Closed
THE Greek government has announced that banks will be closed all week, after a decision by the European Central Bank not to extend emergency funding.Cash withdrawals will be limited to €60 (66USD) a day for this period. Greece has to pay €1.6bn payment to the IMF on Tuesday. While the Athens Stock Exchange will be closed today, the BSE reacted with a fall of 500 points. What the RBI Governor must have meant.