Market tremors during the past fortnight have destabilised the Hellenic Republic further after the Greek government failed on Monday to strike a deal with its lenders.

The Australian Stock Exchange reacted badly. 

Shares dropped nearly two per cent, wiping out nearly all of this year's gains and around $30 billion in overall value of listed Australian companies. The big four banks led Monday’s losses while Australian investors decided to park their capital with mining corporations.

Back in Athens, Greek Prime Minister Alexis Tsipras announced the country's banks will be shut until July 6, pleading for calm after anxious citizens emptied ATMs.

Mr Tsipras said the Greek equivalent of the Reserve Bank had recommended a €60 (A$87) restriction on bank withdrawals after international creditors refused to extend the nation's bailout beyond its June 30 deadline.

The socialist prime minister has called a snap referendum in his latest move against the European Central Bank with Greeks set to go to the polls on July 5 in a bid to maintain his standing.

Greek voters will have to make the hard decision between keeping its anti-austerity government or staying in the Eurozone. 

It will be one of the most-watched national polls for some time and whatever the result, the impact will be felt on the Australian stock market.

Tuesday marks the end of the 2014-15 financial year. It’s unlikely many investors will be popping champagne corks to toast the start of the 2015-16 accounting period.

Warrnambool’s Jess Hogg often went running with her athletic father Peter before his sudden death in April.

The 53-year-old was physically fit. He ran many marathons, was a non-smoker and a black belt in martial arts.

So his death from heart failure took his family by surprise. 

Miss Hogg planned to run with her father on the day of his death but he cancelled the jog because he was feeling unwell.

Now, the 25-year-old is set to run in the Melbourne Marathon to raise funds for the Heart Foundation. 

“You don’t ever think something like that is going to happen to you, but it does,” Miss Hogg said in today’s edition of The Standard.

“That’s why I really wanted to do this fund-raising and raise a bit of awareness, because if he had gone to the doctor, potentially they could have picked it up and he could still be here.”

Miss Hogg’s determination to raise funds and awareness for heart research is an example to all of us.

Her family and friends should be very proud.