As yesterday was announced as black monday in Greece . It has become important for all of us to understand the causes abd after affect s on global economy. Comments are welcome on role of IMF and ethical responsibility of other countries.
World markets tumbled on Monday as Greece shut its banks and imposed capital controls to halt a panic-driven run on ATMs, a day before Athens risked defaulting and possibly crashing out of the euro.
But in a narrow ray of hope, creditors left the door open for a last-ditch debt deal to try and avert a Greek eurozone exit which would raise serious questions about the future of the EU.
Asian markets fell sharply on the collapse of Greek debt negotiations over the weekend, with a rate cut failing to prop up Chinese stocks which have been hardest hit.
http://www.newsnation.in/article/83347-greece-debt-crisis-sparks-global-markets-slump.html
http://www.abc.net.au/news/2015-06-29/greece-debt-crisis-asian-slump-more-significant-for-australia/6581926
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