Greek Stock Market Stays Closed Until Monday

The Greek stock market will remain shut for the rest of the week and on Monday, July 13, the Hellenic Capital Market Commission said Thursday morning. The move reflects the finance ministry's decision on Wednesday to extend the current bank holiday and capital controls to Monday as the Alexis Tsipras-led Greek government makes a last-ditch attempt to reach a deal with lenders at an EU emergency summit on Sunday. Greece is to present a credible set of reform proposals by Thursday midnight, which will be used as a basis for the bailout discussion on Sunday. If no deal is reached at the summit, Greece risks falling into bankruptcy and leaving the eurozone. The Greek stock market and banks have been closed since June 28 to stem potential deposit flight and turmoil in the country's financial markets.