Greece marks a year of banking restrictions

28 June 2016
655 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

Poll: New Democracy leads with a 14.8% difference to SYRIZA
POLITICS
shares22 views
POLITICS
shares22 views

Poll: New Democracy leads with a 14.8% difference to SYRIZA

makis - Jun 24, 2021

The governing party of New Democracy is clearly leading the polls with 37%, a difference of 14.8% from SYRIZA which…

Greece and Italy top European picks for American tourists
GREECE
shares24 views
GREECE
shares24 views

Greece and Italy top European picks for American tourists

Panos - Jun 24, 2021

Italy and Greece are the top two choices in Europe for American travellers this season, according to a report by…

Turkish coastguard harassed Cypriot fishing boat (photos)
GREECE
shares28 views
GREECE
shares28 views

Turkish coastguard harassed Cypriot fishing boat (photos)

Panos - Jun 24, 2021

New provocation from Turkey. Turkish coastguards harassed the fishing boat “Maria – Bouboulina”, while sailing in international territorial waters. The…

Leave a Comment

Your email address will not be published.