While you were sleeping: Greece closer to exit

Mon, 29 Jun 2015

By Margreet Dietz June 30 (BusinessDesk) - Equities dropped, while US Treasuries rose amid a safe-haven search, on concern Greece is headed for default and exit from the euro zone. Greece closed its banks and imposed capital controls, after negotiations between Greece and its international creditors imploded after Prime Minister Alexis Tsipras issued a stunning call for a July 5 referendum on the latest bailout conditions. The European Central Bank said it would “maintain the ceiling to the provision of emergency liquidity assistance to...

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