capital controls

British shoe shop worker, Thomas Feeney launched a crowdfunding campaign on Monday to bailout Greece that at time of writing had raised more than half a million dollars. The campaign was started to help Greece pay back its $1.8 billion...

Greece is living under the suffocating pace of capital controls for the last two days. The end of negotiations and the Greek referendum announcement have put everything on hold. Due to the imposition of capital controls, Greece is facing numerous...

History can shed some light on the Greek drama. Before joining the euro, the Greece's government had previously implemented strict capital controls and transaction limitations.

The Greek government in collaboration with the Hellenic Bank Association have decided to reopen about 1,000 bank branches on Wednesday that will cater for pensioners who do not use or possess debit cards. Greece's Finance Ministry announced on Tuesday that the branches will...

Greece's Finance Minister Yanis Varoufakis said that Greece won't hesitate to take the legal rout to EU courts if Greece's stay in the Eurozone is threatened. "Greece has threatened to seek a court injunction against the EU institutions, both to...

Fitch Ratings downgraded Greek banks to "restricted default" Monday, a day after the Greek government imposed capital controls that include limits on deposit withdrawals and closed Greek banks for a week. Here's the full release by Fitch Ratings: Fitch Ratings-Barcelona/London-29 June...

If you want to be executed vote YES, if you would rather commit suicide vote NO: Greece Referendum

The imposition of capital controls will bring radical changes and major restrictions on trading activity. Greek banks will be closed for a week, until next Monday, July 6. The decision to close the banks was made in order for...

The European Commission approved Greece's imposition of capital controls on Monday, saying Athens was justified in temporarily breaching European Union laws on free capital movement in order to protect its banks. "As guardian of the Treaties and with a view...

French President Francois Hollande said Monday that the referendum on EU's bailout proposals to be held in Greece on July 5th is a "sovereign choice" on whether or not to leave the euro zone. "It is democracy, it is the...