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In Greece, it will be mitigated by capital controls

Greek Ministry of Finance is planning to remove a number of restrictions on the movement of capital, as well as to increase the amount you can withdraw from the deposit of Greek citizens to 500 euros per week.

The decision on the revision of the Capital Control was adopted after the new agreement was signed between Athens and international lenders. Thus the Greeks will be able to cash 2000 euros per month.

Capital controls in Greece was introduced in July 2015 years. These measures are taken to prevent a massive outflow of capital from the country. From December to July 2014 2015, the amount of deposits decreased by almost 40 billion euros - with 160 billion euros to 120 billion euros.

During limit the volume of deposits rose to 122 billion euros.

A source: newsbomb

Tags: Greece, Economy, Money

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