Greek banks: closed for longer

FXStreet (Edinburgh) - The Greek government will issue a new decree later today in order to extend the bank holiday for several more days.

In the meantime, the Greek banking system will remain vigilant on today’s ECB Council meeting regarding the ELA mechanism oriented to provide liquidity to the system.

Jul 6, 2015

FTSE weakens, Rolls Royce drops 6%

The London’s Ftse index edged lower on Monday, although it stays relatively resilient its European peers after the Greeks rejected the creditor’s offer at Sundays’ referendum.

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Jul 6, 2015

Credit Agricole: Will the ‘No’ vote actually lead to a Greece compromise? – eFXnews

According to Credit Agricole, the ‘No’ vote in the Greece Referendum might only increase the pain for the Greek people, thereby pushing further any resolution to the crisis, which could increase the willingness for a compromise, as noted by eFXnews.

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