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Tag Archives: withdrawal

Greece lifts cash withdrawal cap after 3.5 years of Capital Controls

After three years and three months, Greece lifted the cap on cash withdrawals on 1. October 2018. It herewith completes the so-called “second pillar” of Capital Controls imposed in the country on end June 2015. The Finance Ministry has issued the relevant decision on Thursday, Sept 27th 2018, the decision …

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Greece loosens capital controls with spectacular up to €5,000 per month

Greece’s Finance Ministry has reportedly already prepared a new legislation that will further loosen capital controls and spectacularly raise the monthly cap of cash withdrawals for natural persons.  The new measure will allow bank account holders to withdraw up to 5,000 euros per month. Since 1. March 2018, the withdrawal …

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Capital controls: Greece considers to raise withdrawal cap, measures for businesses

Greece is considering further easing of capital controls with the increase of  the cap for cash withdrawing and limiting restrictions to businesses.  The new measures could be implemented as soon as 1. June, that is on the third year the restrictions were imposed. According to media reports, the new measures …

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Greece eases Capital Controls restrictions as of Mar 1st – All the changes

Greece has taken further steps to ease the capital control restrictions as of 1. March 2018. Euclid Tsakalotos has approved a series of measures that ease the restrictions, the decision has been already published in the official gazette. The measures raise among others the monthly withdrawal limit and allow the …

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Greece’s Drug Organization orders withdrawal of Lactalis baby formula amid global salmonella fears

Baby formula is being pulled from shelves around the world after French authorities ordered a leading dairy company to stop selling hundreds of products because of concerns about food safety. Greece’s National Drug Organization ordered the temporary withdrawal of Lactalis “Frezylac” Monday noon. French firm Lactalis is recalling formula destined …

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Erdogan: Turkey’s troops in Cyprus “forever”

Turkish President Tayyip Erdogan said on Friday the Greek side was once again avoiding a solution to the Cyprus problem, warning that a solution without Turkey should not be expected. “We have told Cyprus and Greece clearly that they should not expect a solution without Turkey as guarantor. We are …

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FM Kotzias: Roadmap for withdrawal of Turkey’s troops from Cyprus

The conference on the Cyprus issue ended late on Thursday in Geneva. The talks will continue at a technical staff level on January 18 on the issue of securities. Greek Foreign Minister Nikos Kotzias once again stressed the need for the withdrawal of the Turkish occupation troops with a continuous …

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Church of Greece requests the withdrawal of shoes

I would never thought that the Holy Synod of the Church of Greece would care about …shoes. But this is exactly what happened! Because a shoe-manufacturer brought to the market shoes bearing the symbol of the Holy Cross on their soles. In a statement the Holy Synod of the Church …

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Greeks Withdrew estim. 6 Billion Euro after May 6 Elections

Political instability and potential euro exit have increased fears among Greeks who withdrew some 6 billion euro from bank accounts in the last 15-20 days. Panicked citizens believe it is ‘safer’ to have euro bank notes at home, than to let savings at the banks exposing them to the danger …

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Greek Bank Deposits Fell 2.7% in February 2012

Greek bank deposits fell 2.7% in February, data from the central bank showed Thursday, as households continued to use their cash reserves to make ends meet. Total deposits held by domestic residents and companies fell by EUR4.6 billion to EUR164.38 billion in February. The 2.7% decline on the month comes …

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Greeks Withdrew €5.5 billion in September ’11

The nightmare of Greek banks continues non-stop and deposits withdrawals move in fast track under the tropical of emergency taxes and income decreases in times of economic and political instability. Greek households and enterprises withdrew a total of 5.5 billion euro in the month of September, according to data released by …

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