Greece
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capital controls

Five Ways Greece Will Benefit from the Lifting of Capital Controls

Greek businessmen and citizens across the country hailed the government's decision this week to lift capital controls and return to fiscal normalcy, after fifty months of strict monetary oversight of the economy. The Greek economy is now free to return...

PM Mitsotakis Announces Complete Lifting of Capital Controls in Greece

Greek Prime Minister Kyriakos Mitsotakis made a surprising announcement of a complete lifting of all capital controls in Greece on Monday afternoon. The stunning news came as a result of Greece's growing economic stability, only one year after the country...

Capital Controls to Be Lifted by the End of September, 2019

The Bank of Greece and the Greek government are ready to completely lift capital controls in Greece, media reports suggested on Thursday. The restrictions to capital imposed in June of 2015 will be lifted by the end of September of 2019,...

Bank of Greece Governor Stournaras Proposes Abolishment of Capital Controls

Υiannis Stournaras, the Governor of the Bank of Greece, revealed on Friday that he proposed to the new Prime Minister, Kyriakos Mitsotakis, the complete abolishment of capital controls in Greece. After his meeting with the PM at Maximos Mansion, Stournaras...

Former PM Pikrammenos Asked Obama to Mediate Between Greece and Creditors During Crisis

The former caretaker Prime Minister of Greece, Panagiotis Pikrammenos, admitted that he sent a letter to Barack Obama in 2012, asking him to intervene in order to prevent the imposition of capital controls in Greece. The startling admission came...

Greece Lifts Capital Controls for Domestic Transactions

Almost three and a half years since the imposition of capital controls, Greek authorities announced that they are abolished for domestic transactions and further eased for transactions abroad. The government’s decision to proceed with a further loosening of capital controls...

Greece Further Relaxes Capital Controls to €5,000 per Month

Greece's finance ministry has further relaxed capital controls with a decision sent for publication in the Government Gazette on Thursday, raising the monthly limit for cash withdrawals to €5,000 ($5,850) per depositor a month, from €2,300 at present. The decision...

Greeks May See Further Easing of Capital Controls

Reports in Greece are suggesting bank customers will see the amount they can withdraw each month rise to between €4,000-€5,000 ($4,700-$5,880). Currently there are capital controls on Greek account holders, restricting them to withdrawals of up to €2,300 per month. If...

Greece Eases Capital Controls, Raises Cash Withdrawal Limit

The Greek government has announced a further easing of capital controls effective from Friday. The withdrawal limit from bank accounts will be raised to €2,300 ($2,870) from the current limit of €1,800 per month and restrictions on opening new accounts...

Greece to Further Ease Capital Controls

The Greek government will announce in the next few days a further easing of capital controls, local media report. The withdrawal limit from bank accounts will be raised to €2,300 ($2,870) from the current limit of €1,800 per month and...