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What capital controls will mean for Greek banks, customers and the economy
Economy, the only banking transactions that will be allowed are: · Cash withdrawals from ATMs up to the limit of 60
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammecontrols’ legislative decree, the daily withdrawal limit from the ATMs was set at 60 euros per card
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An impossible choice
Agoranot use or own a debit card and therefore were unable to withdraw the new limit of 60 euros from ATMs
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Tsipras wins referendum but sceptical lenders, limited time stand in way of deal
PoliticsGreek PoliticsSunday's referendum appeared to deliver a resounding victory to the government's "No" to the proposals by Greece's lenders, marking the start of a great period of economic and political uncertainty. The fact that "No" was on course to gain at least 60 percent of the vote means that Prime Minister
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After 'No' vote, pulling Greek banks back from brink a priority
Economythat this meeting may be delayed. In such a case, the daily withdrawal limit for ATMs would be reduced below 60
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What next for Greece's revenues and spending?
Agoratarget. More than 60 percent of this under-spending relates to other expenses and the remainder to lower
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At risk of poverty/social exclusion rate in Greece edged up to 36 pct in 2013
Societyyear, meaning they lived in a household that makes 60 percent of the average disposable income
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economy(at 60 euros per depositor) had a high or very high impact on 46 percent of companies with one third
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economycoverage from 50 to 60 percent to reflect reductions in collateral values. 3) 20 percent negative
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomywithdrawal limit remaining unchanged at 60 euros.
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