New modifications to the still imposed regime of “capital controls” were announced by the Greek government late Tuesday evening, which now allow for the opening of new closed-termed savings accounts and the repayment of up to 50 percent of outstanding loan obligations -- like lump sum buyouts of mortgages.
New modifications to the still imposed regime of “capital controls” were announced by the Greek government late Tuesday evening, which now allow for the opening of new closed-termed savings accounts and the repayment of up to 50 percent of outstanding loan obligations -- like lump sum buyouts of mortgages.
The decisions, signed by the relevant finance minister, were published in the government gazette.
On the “minus” side, opening new checking accounts is mostly still frozen, as is the adding of new customer IDs on previously in active savings accounts.
Transferring payroll accounts from one bank to another is also made easier, allowing wage earners to enjoy ATM privileges in either banks, as long as they had customer IDs in both.