Greece marks a year of banking restrictions

28 June 2016
731 Views

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

Greece: 7,000 applications for adult movies
GREECE
shares26 views
GREECE
shares26 views

Greece: 7,000 applications for adult movies

Panos - Jun 23, 2021

After the first casting of the newly formed production company SugarBabes.tv in September 2019 and the endless queues of about…

Menendez Bill passed unanimously & goes to Senate for approval
DEFENCE
shares13 views
DEFENCE
shares13 views

Menendez Bill passed unanimously & goes to Senate for approval

Panos - Jun 23, 2021

The new bill on US-Greek defense cooperation was approved by the Senate Foreign Relations Committee with universal support. Now the…

Signatures for Line 4 of the Metro – Mitsotakis: The country is turning the page (videos)
FINANCE
shares19 views
FINANCE
shares19 views

Signatures for Line 4 of the Metro – Mitsotakis: The country is turning the page (videos)

Panos - Jun 23, 2021

The signatures for the biggest construction project that is taking place after Attiki Odos, fell tonight in Galatsi, where in…

Leave a Comment

Your email address will not be published.