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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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Between Scylla and Charybdis
Agorasince last Friday. The imposition of capital controls, the closure of banks and the generally... for a new package with Tsipras’s government, the capital controls will remain in place – they will actually... in the banking system via the capital controls, the only stock of euros in the economy
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Newsletter 38 - 07/08/2015
The imposition of capital controls on June 29 has had a clearly negative impact on consumption... such as supermarkets is less severe. Capital controls and bank shutdowns have clearly led to a radical... capital controls were imposed. However, Greece was ranked last in non-cash payments per capita in the EU
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PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomyin June. This is largely attributed to the imposition of capital controls at the end of June coupled... with pre-production inventories dropping at a sharp pace amid lack of new orders and capital controls... for the tenth consecutive month, with September’s performance attributed to capital controls
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