+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

REPORT: Greece's stock market will be closed for at least a week

Jun 29, 2015, 02:19 IST

It looks like Greece's stock market is going to be closed for a week.

Advertisement

According to a report from the English version of Greek newspaper Kathimerini, the Athens Stock Exchange is going to be closed for a week.

Kathimerini reports that, "The Capital Market Commission is expected to announce in the early hours of Monday the closure of the Greek stock exchange for at least a week, as financial activity in the country grinds to a halt."

Banks were already expected to be closed for a week.

As a result, Kathimerini reports, the closure of banks will limit the ability to process transactions on exchanges, and so it is unlikely that stock markets will re-open until the banks do.

Advertisement

On Sunday night, Greek prime minister Alexis Tsipras said that Greece has sought a short bailout extension, as the country's current program is set to expire on Tuesday while Greece has called for a referendum on the matter for July 5.

NOW WATCH: Take a tour of the $367 million jet that will soon be called Air Force One

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article