capital controls

Greek Deputy Finance Minister Dimitris Mardas said on Friday that all banks will open on Monday, offering a wide range of services, although a 60-euro daily cash restriction will remain. In a radio interview, Mardas said that banks will be able to...

"The Finance Ministry and the Bank of Greece examine all possibilities and technical details so that banks can open as soon as possible," says a finance ministry announcement, thereby negating previous reports that Greek banks will open on Monday. Only...

Greek bank branches will reopen on Monday according to sources, the Athens-Macedonian News Agency reported. The alleged decision follows a European Central Bank (ECB) announcement that increases the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros. ELA had...

The European Central Bank (ECB) Governing Council decided to raise the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros. ECB President Mario Draghi discussed the decision in a press conference following an ECB Governing Council meeting on Thursday. Draghi said...

Greece's drug agency EOF announced on Wednesday a temporary ban on the export of dozens of pharmaceuticals to the EU and other countries in order to avert a possible shortage caused by capital controls. "As an emergency measure to protect...

The Greek bank holiday, which has been in effect since June 29, has been extended until Thursday, July 16, while there was an official announcement regarding the transactions citizens will be allowed to make, as provided by the new legislative...

A European Commission report on Greece in cooperation with the European Central Bank that was conducted on July 10 says that Greek debt sustainability has deteriorated significantly since April, when it was projected that it would be at 125...

During an interview with Bloomberg on Tuesday, Greek Minister of Economy, Shipping and Tourism Giorgos Stathakis said that banks will reopen when the European Central Bank (ECB) raises the Emergency Liquidity Assistance (ELA) to Greece, so after the various Eurozone parliaments vote...

An agreement among the Eurozone leaders was not enough to persuade the Governing Council of the European Central Bank to give the green light for a much needed increase of the Emergency Liquidity Assistance to Greece, according to Reuters. Greek...

Greeks have been unable to make any transactions with countries abroad, due to the capital controls and banking system restrictions. Therefore, access to several services have been limited. Apple’s iCloud falls into this category, due to the fact that many...