More Capital Controls Lifted in Greece



capital708_6More than six months into the restrictions the Greek government has further eased capital controls, lifting some of the restrictions on Thursday.

Among the liberties restored concerns premature repayment of loans. A full or seen partial premature repayment is not allowed, but following the latest decision, using money that comes from abroad as well as taking out a new loan that is at least the value of the unpaid portion of the first one are allowed as means to pay the loan back before its time. Additionally, a debtor can pay back the whole loan if they intend to sell the property.

While Greek bank account holders can currently withdraw 420 euros per week from the ATMs, the latest change allows for special withdrawals to pay for judicial stamps, contributions, administration fees and bills to the state.

Members of diplomat missions, or people who work at international and European organizations are now able to withdraw cash without restrictions and are allowed to transfer 5,000 euros abroad each month.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.