Global markets slump as Greece closes banks and debt talks falter

June 29, 2015 7:35 AM

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Global stocks lurched lower Monday as Greece closed its banks and imposed restrictions on cash withdrawals to prevent a deepening financial crisis from worsening amid faltering bailout talks with its international creditors.

Markets in Europe traded sharply lower. Germany's DAX index fell 3.7%, the CAC 40 in Paris declined over 4% and Britain's FTSE 100 was trading down 2%. Greece's government ordered the Athex composite index closed to try to contain collapsing share prices. Major indexes across Asia saw similarly shar...

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