Greece local newspaper: financial activity in the country grinds to a halt, stocks market and banking too

Emergency condition is happening in Greek, It looks like Greece's stock market is going to be closed for a week. as reported by Greek local newspaper Kathimerini in English version the Athens Stock Exchange is going to be closed for a week. 

Greek local newspaper Kathimerini reports that, "The Capital Market Commission is expected to announce in the early hours of Monday the closure of the Greek stock exchange for at least a week, as financial activity in the country grinds to a halt."

Many Greek local Banks were already to be closed for a week. As a result, Greek local newspaper Kathimerini reports, the closure of banks will limit the ability to process transactions on exchanges, and so it is unlikely that stock markets will re-open until the banks do. Greek stock market remain lower

As reported before on Sunday night, Greece has sought a short bailout extension, as the country's current program is set to expire on Tuesday while Greece has called for a referendum on the matter for July 5.