Tag: capital controls

Gov’t has ready the provisions for the total lifting of the capital controls
FINANCE
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FINANCE
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Gov’t has ready the provisions for the total lifting of the capital controls

Panos - Aug 13, 2019

The specific provisions were drawn in collaboration with the Bank of Greece. At the same time, the Finance Ministry is getting prepared for the 4th post memorandum…

Greece relaxes capital controls to prove worst of turmoil is over
FINANCE
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FINANCE
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Greece relaxes capital controls to prove worst of turmoil is over

Panos - Jun 04, 2018

Greece is to take a substantial step towards easing capital controls – restrictions associated with the worst days of economic crisis – as it prepares to exit…

Capital Controls in Greece relaxed to €5,000 as of June 4
FINANCE
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FINANCE
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Capital Controls in Greece relaxed to €5,000 as of June 4

Panos - Jun 01, 2018

The capital control limit will be upped to €5,000 per month as of June 4, after the Greek Finance Ministry sent the relevant decision for publication in…

Greek Finance Minister Signs Decree Easing Capital Controls
GREECE
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GREECE
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Greek Finance Minister Signs Decree Easing Capital Controls

Panos - Nov 15, 2017

Tuesday's decision of the Greek finance minister was taken within the framework of the road map on the gradual relaxation of capital control measures, adopted by the…

FINANCE
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Greece Eases Capital Control Due to Economic Situation Improvement

Panos - Sep 01, 2017

The Greek government will further ease the country's capital restrictions, which have been in place since mid-2015, starting Friday, local media reported. Various media reported, citing the…

FINANCE
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Modification of capital controls, rather than relaxation, set for Friday

Panos - Aug 31, 2017

A further modification of capital controls in Euro zone member Greece - a continuing "byproduct" from shambolic negotiations with creditors in the first half of 2015 -…

Stournaras: “The capital controls will soon be eased”
FINANCE
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FINANCE
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Stournaras: “The capital controls will soon be eased”

makis - Nov 10, 2016

The Governor of the Bank of Greece Yannis Stournaras revealed that the capital controls introduced in the summer of 2015 will soon be eased, according to an…

Bank Officials Say Depositors Still Wary Due to Capital Controls
FINANCE
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FINANCE
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Bank Officials Say Depositors Still Wary Due to Capital Controls

chris1 - Aug 21, 2016

Greeks are still not convinced that they can trust banks with their earnings, according to a recent report from the Bank of Greece (BoG). Not only are…

Capital controls loosened in Greece: New deposits exempt
FINANCE
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FINANCE
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Capital controls loosened in Greece: New deposits exempt

Panos - Jul 19, 2016

Institutional creditors on Monday evening reportedly gave the “green light” to a request by the finance ministry and the Bank of Greece (BoG) for a relaxation of…

Greece could lift capital controls by year-end: bank association head
FINANCE
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FINANCE
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Greece could lift capital controls by year-end: bank association head

ilias1 - Jun 20, 2016

Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the…

Stathakis planning the gradual lift of capital controls
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FINANCE
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Stathakis planning the gradual lift of capital controls

makis - May 17, 2016

The Minister of Economy Giorgos Stathakis revealed that a government plan is being developed for the gradual lift of the capital controls. Mr. Stathakis made the revelation…

No capital controls on ‘new money’
FINANCE
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FINANCE
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No capital controls on ‘new money’

ilias1 - May 14, 2016

Separating “new money” flowing into Greece’s recapitalized banks from older deposits and excluding the former from capital controls has emerged in Brussels as a preferred course towards…

Government considers exempting new deposits from capital controls
FINANCE
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FINANCE
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Government considers exempting new deposits from capital controls

makis - May 13, 2016

Plans are being drafted in order to exclude new bank deposits from the capital controls which were imposed last summer, in an effort to boost domestic businesses…

Oil price drop, capital controls resulted in decline in Greek exports last year
GREECE
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GREECE
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Oil price drop, capital controls resulted in decline in Greek exports last year

Sokratis - Feb 06, 2016

Exports contracted 5.1 percent last year to a total value of 25.8 billion euros, against 27.19 billion euros in 2014, according to Hellenic Statistical Authority (ELSTAT) figures.…

FINANCE
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Capital controls: Weekly cash withdrawal limit set to increase

ilias1 - Jan 17, 2016

The capital controls in Greece are gradually being lifted, with a report in the Friday edition of the Avgi newspaper claiming that the weekly withdrawal limit is…