capital controls

The government is discussing a road map on loosening capital controls, Economy Minister George Stathakis said in an interview with Star TV late on Monday. Stathakis underlined that the participation of the Greek banks in ECB quantitative easing programme, the...

Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24. He said that an agreement between Greece and its creditors would herald an end to...

  Some Greek businessmen have found a way to circumvent capital controls and evade taxes using P.O.S. machines connected to foreign bank accounts. The business owners have wireless P.O.S. terminals purchased from Bulgaria and they have connected them to bank accounts...

European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources told the Athens News Agency on Thursday. The adoption of a different treatment on existing...

Electroniki Athinon S.A., one of Greece's largest home appliances and electronics chain, announced on Wednesday that it has filed for bankruptcy after 66 years of operation. The High Court of Athens with the number 267 / 13.04.2016 decision declared the...

Main opposition New Democracy intends to table a proposal within the day for a parliamentary probe to investigate the reasons why capital controls were imposed on Greece, as well as the signing of the third memorandum and the need...

Greek bank deposits dropped in February for the second month in a row after a 2.05 percent increase in December, according to a Bank of Greece report released on Tuesday. Greece's central bank data shows that business and household deposits...

The European Commission forecasts that the Greek economy will return to growth in the second half of the year and could grow by 2.7% in 2017 on the condition that the country implements vital reforms agreed in a bailout...

More than six months into the restrictions the Greek government has further eased capital controls, lifting some of the restrictions on Thursday. Among the liberties restored concerns premature repayment of loans. A full or seen partial premature repayment is not allowed,...

The Greeks are expecting the new year to be just as bad as the last on, according to survey results released by Kapa Research. The survey, published in the Greek newspaper To Vima, notes that 69.5% of respondents reported that...