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  1. What capital controls will mean for Greek banks, customers and the economy
    Photo by MacroPolis

    Economy

    of capital controls via a legislative decree. During the bank holiday, which may later be extended.... The legislative decree clarifies that pension payments are excluded from capital controls, with further... holiday period. Before the announcement of capital controls, there were a series of developments

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  2. Government eases capital controls further, aiming to restore depositor confidence
    Photo by MacroPolis

    Economy

    Following pledges earlier in the month, the government has now further relaxed the capital controls... on July 27. The other key measures easing capital controls are the increase from 10 to 30 percent... euros could return to Greek banks in the wake of capital controls relaxation. In its scheduled rating

    6%

  3. Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
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    EconomyMacroeconomy

    Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced... of capital controls in the near-term, 79 percent did not expect to withdraw their savings once capital controls are lifted. The same goes for 73 percent of high income individuals in the survey. The MoF

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  4. Finance Ministry publishes roadmap for relaxation of capital controls
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday... noted. Capital controls were imposed at the end of June 2015 and a number of ministerial decisions... steps for further relaxation of capital controls should be implemented as soon as possible and need

    6%

  5. Most Greek businesses feel capital controls impact, 69 pct see turnover drop

    Economy

    showing the impact that capital controls, imposed on June 29, have had on local businesses... after the imposition of capital controls. In an effort to address the constraints in cash flow... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month

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  6. Greek business feeling the pinch from capital controls
    Photo by MacroPolis

    Economy

    The imposition of capital controls a month ago has taken a heavy toll on Greek companies, from... the imposition of capital controls found total retail sales had dropped 10 percent. This reflected... controls are widespread among all business cycles. On the production front, foreign suppliers

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  7. Study shows deep impact of capital controls on retail sector
    Photo by MacroPolis

    Economy

    the devastating impact on retail sales from the imposition of capital controls. The study showed prior to capital controls retail sales fell to 3.33 billion euros, or by 5.4 percent in June. In July... of capital controls. Specifically, food and fuel sales fell by 5.5 percent in June, significantly

    6%

  8. Bank holiday to end but capital controls remain and some transactions forbidden
    Photo by MacroPolis

    Economy

    holiday from July 20. However, capital controls will be maintained, while several banking activities... Exchange, which remains closed as of June 29. The key issue relates to the capital controls... holiday would result is some kind of return to normality for Greek banks, the capital controls

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  9. More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
    Photo by MacroPolis

    Economy

    the imposition of capital controls. The survey was conducted by MARC in the July 21 – 27 period... implications on small businesses from the imposition of capital controls during the first two weeks... small firms were unprepared to address the consequences of the capital controls. In particular, only

    6%

  10. Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
    Photo by MacroPolis

    EconomyMacroeconomy

    ). The drop in July is largely attributed to the imposition of capital controls. It is the first... for a potential Grexit or imposition of capital controls and deposit haircut with a large number... controls was apparent in July and is expected to be maintained in the coming months putting an end

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