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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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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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BoG report highlights need for programme implementation, political consensus
Economyfor the financial sector, also encouraging the return of deposits and the lifting of capital controls. The BoG said that the imposition of capital controls initially had an immediate and visible negative impact but that this is easing as controls are gradually relaxed. The most profound distortions were
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammecontrols, labour market reforms, privatisations and public administration. The primary surplus target... the contract of trade unionists will be reviewed. Capital controls Bank of Greece (BoG) and the Finance Ministry (MoF) will prepare and publish the roadmap for the relaxation of capital controls outlining
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Check, please: How much Alexis Tsipras's first months cost Greece
Agoracontrols at the end of June 2015 to stave off an intense bank run that the economy contracted. Even... or in anticipation of capital controls after events in Cyprus At the start of the crisis, the banking... the imposition of capital controls in the wake of uncertainty about economic developments and rumours
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Car registrations resume upward trend in August rising by 20.1 pct
EconomyMacroeconomyof capital controls and was the first negative reading since August 2013, while the rate of decrease... trend despite capital controls. In absolute terms, the number of road motor cars stood at 7,039... from customers to buy cars amid fears for Grexit or imposition of capital controls and deposit haircut
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyof administrative measures on the banking sector (capital controls). Long-term growth is anticipated... controls and severe liquidity shortage in the Greek economy led to major downward revisions of fiscal...-performing loan (NPL) resolution process, imposition of capital controls and payment culture, a capital
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