July 10, 2015

"Ever since bank closures and capital controls began in Greece on June 29, Greek businesses have been facing extremely tough times and have reported 1.2 billion euros (1.3 billion U.S. dollars) of losses in two weeks, according to industry estimates.

The Greek market is suffocating with a significant percentage of personnel on mandatory leave and payments and supplies on hold due to liquidity problems, experts told Xinhua Friday.

According to Vasilis Korkidis, head of the National Confederation of the Hellenic Commerce, there are no closures of businesses or mass layoffs recorded yet."

Read more:
http://news.xinhuanet.com/english/2015-07/11/c_134402100.htm

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