Global stocks lurched lower Monday as Greece closed its banks and imposed restrictions on cash withdrawals.
Markets around the world saw steep declines, with indexes in Europe especially hard-hit. Germany's DAX index fell 3.6% and France's CAC 40 index dropping 3.7%. Britain's FTSE 100 declined 2%.
It is expected that authorities will take meausers to deal decisively with the situation.
Greece news
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