Greece marks a year of banking restrictions
A leading business group in Greece is calling on the government to loosen banking restrictions introduced a year ago when the country faced the risk of exit from the euro.
The National Confederation of Hellenic Commerce, Greece’s main small- and medium-sized business association, said the number of new businesses created so far this year has dropped 18 percent from the same period in 2015 and 30 percent from two years ago.
Greece introduced capital controls for bank transactions a year ago Tuesday, amid financial turmoil triggered by bailout negotiation delays.
Country residents can still only withdraw a maximum of 420 euros (around $465) in cash per week, though electronic transactions are subject to fewer restrictions.
You may be interested
PM Mitsotakis cites Greek Constitution to back mandatory vaccinationsmakis - Jul 23, 2021
Prime Minister Kyriakos Mitsotakis cited the Greek Constitution in response to those opposing mandatory Covid-19 vaccination during his meeting with…
Who Has Spent The Most Time In Space? (infographic)Panos - Jul 22, 2021
As Russia celebrates 60 years since Yuri Gagain became the first person to orbit the Earth, the state of space travel looks…
What Do Americans Think Of Famous Billionaires? (infographic)Panos - Jul 22, 2021
Hot on the heels of fellow billionaire Richard Branson, Amazon founder Jeff Bezos is set to blast into space. He…