Sunday, 28 June 2015

Greece to shut banks on Monday to avert financial collapse.

   Greece prime minister Alexis Tsippras announced that Greece bank will shut on Monday. The announcement came after Greece creditors refused to extend the country's bailot. Speaking on live Television, the prime minster said that the country's central bank has been forced to recommend a bank holiday and the introduction of capital controls. He blamed the ECB for nt increasing urgently-required cash and said it was an attempt to " backmail" Greeks ahead of referendum, The Telegraph reported. Greek finance minister Yanis Varoufakis said his government would consider overnight what measures to take " to minimise the burden on Greece people, according to BBC.

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