Global Stocks Sink After Greece Closes Banks

Global stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts.
Oil prices declined and the euro edged down after Athens announced the moves to stanch the flow of money out of Greek banks and pressure creditors to offer concessions before a bailout program expires Tuesday.
Germany's DAX index tumbled 2.9 percent to 11,161.41 points in early trading and France's CAC-40 dived 3.4 percent to 4,887.69.



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