Greece
Calamos Supports GreeceCalamos Supports Greece

capital controls

Easing of Capital Controls in Greece

Greece's creditors have given Bank of Greece the green light for relaxation of capital controls, with the European Central Bank expected to give the final OK. As BoG governor Yannis Stournaras said in the Greek parliament, the request sent to...

Bank of Greece Chief Talks of Easing of Capital Controls

Bank of Greece governor Yannis Stournaras said there is a possibility of relaxing capital controls by next week, after the European Central Bank Board meeting. The BoG chief spoke after the presentation of the book "European Banking Supervision: The first eighteen...

Stournaras Proposes Loosening of Capital Controls

Bank of Greece Governor Yiannis Stournaras announced a proposal submitted to Greece's creditors on Monday by the Greek Ministry of Finance that calls for a loosening of capital controls. During a discussion on the Bank of Greece report on...

Fitch: Capital Controls Could Ease in Greece From Late 2016

Capital controls could be gradually relaxed from late 2016 if the political landscape remains stable and Greece continues to implement the reforms envisaged in its economic adjustment program, Fitch Ratings said in a press release on Wednesday. The agency added...

Greek Fin Min Promises Easing of Capital Controls

Greek Finance Minister Euclid Tsakalotos announced the easing of capital controls as of next week and said that those who make new deposits in Greek banks would be allowed free capital movement. Tsakalotos spoke on national broadcaster ERT on Monday...

Ministry, BoG Propose Incentives to Deposit Hidden Stashes of Cash in Banks

The Finance Ministry and the Bank of Greece have announced that they are looking to create an exemption from capital controls for any money that Greeks deposit in local banks that they have been stashing in home safety deposit...

Greece's Retail Sales Drop 1.5% in April

Greek retail sales by volume dropped 1.5 percent in April compared to the same month in 2015, according to Greece's statistical authority, ELSTAT. The figures released on Thursday show that the drop came after an upwardly revised 1.2 percent slide in March. Poor...

Black Anniversary: One Year Since the Referendum and Capital Controls

On the morning of June 26, Prime Minister Alexis Tsipras invited his entourage of ministers to the 25th floor of the hotel where the Greek delegation to Brussels was staying. Ahead of the European Council, his ministers - Nikos...

Greek Bank Capital Controls On the Road to Being Lifted

The Bank of Greece and European authorities are taking the first big step to ease capital controls that were first imposed on June 18, 2015, prior to the agreement of a third bailout deal between Greece and its creditors....

Bank of Greece Chief: Tsipras, Varoufakis Brought Capital Controls and €86 Βln Loan

Bank of Greece Governor Yannis Stournaras said that the failed negotiations of Alexis Tsipras and Yanis Varoufakis burdened Greeks with an additional 86-billion-euro loan and brought capital controls. Stournaras spoke on Thursday at an event organized by the Hellenic Observatory...