Süddeutsche Zeitung: Eurozone to impose capital controls on Greece if no deal is reached

A new summit of EU leaders will be held next Friday if Greece and its international creditors do not reach an agreement during the Thursday Eurogroup.

According to German newspaper Süddeutsche Zeitung, there will be no solution on Greece, once again, in the new meeting of Eurozone Finance Ministers and the country will be asked to proceed with a special law that will provide control over capital movement. It also pointed out that if the Greek government does not vote such a law, it will be isolated from the financial system.

However, according to several other sources, European countries will seek a political solution for Greece during the new summit and Athens will eventually move to an extension of its current bailout program until November, receiving further financial aid of €25 to 35 billion.

– See more at: http://greece.greekreporter.com/2015/06/15/german-press-eurozone-to-impose-capital-controls-on-greece-if-no-deal-is-reached/#sthash.a8USwxD3.dpuf