Greek banks promise to ‘freeze’ hikes in transaction fees
Banks reportedly reassured the Greek Ministry of Investment and Development Thursday that they would suspend the increases in bank transaction fees scheduled to take effect on November 1.
The “freeze” of the planned November 1 hike comes after pressure from Prime Minister Kyriakos Mitsotakis at a meeting with bankers, which took place a few days earlier at the Maximos Hall.
On Thursday, Minister of Development and Investment Adonis Georgiadis warned banks in Parliament saying: “We are examining very carefully any harmonised practices of the three banks in particular. I am ready to send personal complaints.
The Competition Commission will impose severe fines if violations are found,” he said.
The Greek PM had recently warned the bankers during a meeting against imposing increases on commissions, and especially at a time when the government was trying to increase the use of plastic money.
A second matter broached by the bankers and the PM was to review ATM charges especially in remote areas where there is only one trading machine.
You may be interested

Accidental experiment solves Century-old Chemistry problem
Panos - Feb 24, 2021Researchers in Uppsala, Sweden accidentally left a chemistry experiment running over a long weekend. When they returned to the lab,…

ABTA: Greece among the five most popular destinations for 2021
Panos - Feb 24, 2021Greece is among the top 5 most popular destinations for holidaymakers, according to booking trends by Travel Association ABTA. Travel Association…

Dreamy sunset in Mykonos Island in Greece (video)
Panos - Feb 24, 2021Magic hour during sunset and dusk at Little Venice in Mykonos island, one of the most romantic places in the Mediterranean and…