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Tag Archives: withdrawals

“Bank run” under Capital Controls: Greeks withdraw €2.5bn in 45 days

February 16, 2017 Economy Comments Off on “Bank run” under Capital Controls: Greeks withdraw €2.5bn in 45 days

Delays in the talks between Greece and its lenders have brought back the ghost of Grexit. The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshell flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time. …

Greece is shock! Permanent & stricter “Capital controls” for public servants and pensioners

October 12, 2015 Economy 24

A shock-measure: civil servants and pensioners will be subject to stricter capital controls than the rest of the Greeks. They will be able to withdraw only €150 per week – with the cash withdrawal cap being €420 per week – that is a total of €600 per month. The rest …

Greek Banks re-open: weekly withdrawal of €420 to be implement as of next week

July 20, 2015 Economy 4

All branches of Greek banks re-opened on Monday after three weeks enforced holiday imposed on June 29th 2015. While banks broaden their services, capital controls remain valid. The low daily withdrawal limit remains €60 per day, however depositors will have the option to withdraw up to €420 cumulative per week. …

KTG-report: “Finally, Tsipras did something!” Yet, not all Greeks think, Referendum is the right decision

June 27, 2015 Society 7

“Finally, he did something! I don’t know if it is good or bad, I cannot think of the consequences right now, but Tsipras finally did something,” Nikos tells me Saturday afternoon, a couple of hours after Greek Prime Minister Alexis Tsipras announced a Referendum on creditors’ proposals. I asked around …

Greek Banker estimates cash withdrawal on Friday at €600million

June 12, 2015 Economy 10

Touchy IMF left negotiations, Greece’s negotiations team returned to Athens, creditors’ lashed out at the government, the ghost of Grexit set its wings about the debt-ridden country. Whether the scenarios are true or not, they were reason enough for Greeks to allegedly rush to the banks and withdraw money from …

ECB leaves ELA level for Greece unchanged, while Greeks withdraw money like crazy: €300m just yesterday

May 27, 2015 Economy Comments Off on ECB leaves ELA level for Greece unchanged, while Greeks withdraw money like crazy: €300m just yesterday

The European Central Bank left the level of Emergency Liquidity Assistance available to Greek banks unchanged from a week ago, two people familiar with the matter told Bloomberg. “During a telephone call on Wednesday, the Governing Council left the cap on Emergency Liquidity Assistance at 80.2 billion euros ($87.6 billion), …

Cypriot banks to open again on Mar 26/2013 – Plans for capital restrictions

March 20, 2013 Economy Comments Off on Cypriot banks to open again on Mar 26/2013 – Plans for capital restrictions

Banks will open again on Tuesday, March 26th 2013, Central Bank of Cyprus said Wednesday evening in a statement. This regulation will affect also the Cypriot banks subsidiaries in Greece: Bank of Cyprus, Popular (Laiki) Bank and Hellenik Bank. Also Greek Finance Minister Yiannis Stournaras confirmed that the Greek subsidiaries …

Greeks Keep Transferring Their Money Abroad; Estimated €100-500 Million per Day

June 12, 2012 Economy Comments Off on Greeks Keep Transferring Their Money Abroad; Estimated €100-500 Million per Day

Greek banks are bleeding as concerned citizens transfer their money abroad to secure them in case of a euro exit and return to drachma. Estimated 100 million to 500 million euro are tranferred from the Greek banks abroad on a daily basis due to citizens worries about the outcome of the economic …