FXStreet (Bali) – After Greece’s Financial Stability Council recommended to the government closing banks for the following 6 business days as well as the stock exchange, a plan of action has also been introduced on capital control starting Tuesday.
The plan, with Greek PM Tsipras approving, includes a maximum of €60 daily withdrawal limit from ATMs, while overseas transactions will also be restricted.
Tsipras also said, Citi reports, that he has requested a new bailout extension. “I am awaiting their immediate response to a fundamental request of democracy.” Citi also notes polls and betting odds are skewed in favor of a yes (~67%) for next week’s Greek referendum.
(Market News Provided by FXstreet)