ATHENS, Hellenic Republic. Financial markets around the world shuddered as Greece, teetering on the brink of a debt default, shut down banks for a week and imposed a daily ATM withdrawal limit of 60 euros (foreign tourists were exempt).
Late Monday night, a Greek government official confirmed that his country would not repay a 1.6 billon euro loan instalment due to the IMF on Tuesday [30 June 2015] with uncertain consequences for its future in the Eurozone and even in the European Union.
Credit: The Times of India
