Currencies are suffering in early trading on what is expected to be a horrible day for the global stock markets as Greek banks close for an entire week.
US stock futures and the euro dropped nearly 2% in early Asian trade on Monday as Greece looks to default on its debt repayment this week, Making Athens to impose capital controls to halt bank being functional.
On Monday morning Greeks will have their savings blocked and their banks closed for a week following a weekend that has hit Europe’s currency hard. The Athens Stock Exchange will not be open on Monday either. Greece is slowly looking like Babylon as their days become numbered.