Greece has closed its banks and put a daily limit on cash withdrawals in an effort to ease the strain on its crippled financial system.
The move came after Athens and its creditors failed to agree a new deal over its massive debts, meaning it's now closer to leaving the euro.
Banks and the stock market are closed for a week, while the public's facing a daily limit of 60 euro on ATM withdrawals.
The euro has tumbled this morning against other currencies while stock exchanges are also expected to take a hit when they open later.
Meanwhile, Ireland's 'Economic Management Council' will look at the potential consequences of the Greek exit from the Eurozone this evening.
The Taoiseach and Ministers for Finance, Social Protection and Public Sector Reform aren't reportedly expecting a major short-term impact on this country.
