Greece Orders Banks Closed, Imposes Capital Controls to Stem Deposit Flight

The Wall Street Journal – June 28, 2015

The steps, a fateful climax to five years of debt crisis, puts Greece closer than it ever has been to an exit from the euro and pushes the common currency itself into uncharted waters. The decision came after the European Central Bank—meeting in an emergency session Sunday—opted not to expand a lifeline of emergency funds that has been sustaining Greek banks while nervous depositors pulled their money out.

Stocks are shaky, disaster bids.
A deadline looms to “Greece the skids.”

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