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Stock Markets Slide on Greek Crisis
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29.06.2015
Stock markets in Europe and Asia have seen big falls after Greece closed its banks and imposed capital controls.
Greek authorities took the move after the European Central Bank decided not to extend emergency funding.
London's FTSE 100 index fell more than 2% in early trade. On the currency markets, the euro had fallen to $1.0953 at one point in Asian trading from $1.1165 on Friday, but it then recovered some ground.
Last week, talks between Greece and the eurozone countries over bailout terms ended without an agreement, and Prime Minister Alexis Tsipras then called for a referendum on the issue to be held on 5 July.
Greek authorities took the move after the European Central Bank decided not to extend emergency funding.
London's FTSE 100 index fell more than 2% in early trade. On the currency markets, the euro had fallen to $1.0953 at one point in Asian trading from $1.1165 on Friday, but it then recovered some ground.
Last week, talks between Greece and the eurozone countries over bailout terms ended without an agreement, and Prime Minister Alexis Tsipras then called for a referendum on the issue to be held on 5 July.
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