Greek banks offer incentives to lure back ‘mattress’ cash
Greek banks are offering higher interest rates to attract back billions of euros that savers pulled out in cash last year, as lenders bid to...
capital controls
Zoo animals in Athens at risk as crisis hits feed imports
By Lefteris Karagiannopoulos Curious and noisy, a group of Madagascar lemurs surround Jean-Jacques Lesueur, founder of Attica Park in Athens, unaware that the special biscuits...
Capital controls force credit insurers to review Greek cover
Credit insurers are reviewing their coverage of companies carrying out trade with Greece as a result of uncertainty over the solvency of Greek customers hit...
Greece in shock as banks shut after snap referendum call (Update 3)
By Karolina Tagaris and Michele Kambas Stunned Greeks faced shuttered banks, long supermarkets lines and overwhelming uncertainty on Monday as a breakdown in talks between...
Greece imposes capital controls as crisis deepens (Update 2)
By Lefteris Papadimas and George Georgiopoulos Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial...
Business sector lauds lifting of capital controls
The decision to lift capital restrictions showed that the banking system is stabilising, the banks’ association said on Monday, as the island put an end...
Day one following lifting of capital controls runs smoothly, banks say
By Stelios Orphanides Things were running smoothly today morning at Bank of Cyprus, the island’s largest lender, and several other banks on the first day...
Our View: Lifting cap control is welcome, but still long way to go
CONTROLS on the movement of capital that have been in place for the last two years will be lifted on Monday. This was positive development...
Cyprus to lift all capital controls on Monday (updated)
President Nicos Anastasiades said on Friday all capital controls imposed on the island in 2013 to stem a cash flight will be lifted on Monday....
CBC sees capital controls scrapped before end of Q1
Cyprus expects to fully lift capital controls imposed two years ago before the end of the first quarter of this year, Central Bank Governor Chrystalla Georghadji...
