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Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
EconomyProgrammeof capital controls, which was flagged up by the Bank of Greece governor Yannis Stournaras in a speech
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HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls
EconomyBankingof the Greek banking index particularly after the imposition of capital controls and bank
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomyThe significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday. In contrast
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Govt mulls tighter controls on movement, seeks to boost health supplies and Covid-19 tests
PoliticsGreek PoliticsThe Greek government is said to be looking at tightening controls on movement, as recent instances of overcrowding have raised concerns that the existing lockdown measures are too easily flouted. Meanwhile, public health officials are having to address concerns about the adequacy of hospital
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Trust in Greek banking system shaky, survey suggests
EconomyBankingcapital controls, those surveyed believed the full lifting of the measures would take around 3 to 4 years. Specifically, 59 percent of individuals surveyed did not expect capital controls to be lifted... of businesses expressed the same opinion. Upon the lifting of capital controls, 46 percent of those
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Government touts stricter migration controls in bid to win back right-wing support
PoliticsGreek PoliticsThe New Democracy government is promising a crackdown on illegal migration and a new framework for legal routes into the country as part of an effort to restart the agenda in response to falling ratings and a rise in the popularity of far-right parties....
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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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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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