Greece is the word

A man jokes with media, after withdrawing the limit of 60 euros at an ATM machine in central Athens on June 29, 2015. Greece ordered its banks to shut for one week and imposed capital controls. - AFP

PETALING JAYA: The problems in Greece have been well-articulated over the last six years. Almost every investor knows that it has a deadline to meet today or may be forced out of the European Union. But when the banks in Greece shut down for a week, it wreaked havoc on global markets.

Adding to the uncertainty was the stock market in China continuing its fall despite a cut in interest rates announced by the People’s Bank of China over the weekend.