Greek business feeling the pinch from capital controls

Economy
Photo by MacroPolis
Photo by MacroPolis

The imposition of capital controls a month ago has taken a heavy toll on Greek companies, from the micro or small and medium-sized enterprises (SMEs) to the largest firms.

An initial study conducted by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) on the first ten days after the imposition of capital controls found total retail sales had dropped 10 percent. This reflected a nosedive of 70 percent in r...

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