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Newsletter 33 - 03/07/2015
is unlikely to en masse favour being part of a national emergency government. The other possibility...Capital controls pile on stress Banks can only reopen with Eurogroup approval The imposition of capital controls and a forced bank holiday for six working days, from 29 June to 6 July at the earliest
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How Greek banks were left on the brink
Agora’ liquidity, asset quality and capital base, while also showing why capital controls must be avoided... Grexit or the imposition of capital controls if the government does not clinch an agreement..., particularly if the NPL formation deteriorates for a prolonged period. Capital controls Amid extended
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammeThe imposition of capital controls accompanied by a bank holiday for 6 working days starting from... controls’ legislative decree, the daily withdrawal limit from the ATMs was set at 60 euros per card..., citing funding issues that arose due to the capital controls. This is mainly attributed to revenues
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Newsletter 34 - 10/07/2015
to reconfigure his government, especially if his government loses its majority. Capital controls extended... on Wednesday extending the bank holiday and capital controls by three more days, until Monday 13 July... vaccines and insulin are running short. Since the imposition of capital controls, tourism bookings have
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomy) has shown. The study, titled “Digital payments after capital controls: Support measures and tax revenues” looked at electronic modes of payments (EMP) which increased after capital controls, and how they could be further boosted. It tracks the imposition of capital controls, along with their gradual
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Athens moves to avoid repeat of EU division over migration policy
PoliticsForeign PolicyLast week’s decision by the SPD-led coalition government in Berlin to impose temporary controls... decision to reintroduce border controls. Mitsotakis stressed the importance of supporting the most... Germany reintroduced border controls for the first time to stop the flow of refugees on the Balkan
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Greece: How events could unfold over the next few weeks
PoliticsGreek Politicselections cannot be ruled out, in which capital controls might have to be imposed to stem deposit..., capital controls would be a virtual certainty. The other scenario worth considering, although... controls or force the Greek government to cave in and accept the terms being offered by lenders
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Newsletter 119 - 19/05/2017
of the midnight vote, that capital controls could be lifted by the end of the year. The Greek government published a blueprint for the scrapping of capital controls this week, which was one of the prior actions... Ministry publishes roadmap to relax capital controls GDP growth for 2017 was downwardly revised
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeatureswith most customers preferring cash. The advent of capital controls two years ago began to change... in ample will avoid the fine. Capital controls Greece has long been a nation of cash lovers, much... rise in card payment came about as a direct consequence of the capital controls enforced in 2015
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Newsletter 175 -21/09/2018
leading role in NPL issue Effect of capital controls on card payments illustrated in ECB report... led to a jump in NPLs, the capital controls imposed in 2015 had a side effect of a jump in card... notable growth in recent years. The data showed that in the year that capital controls were introduced
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