Banking in Greece

Economy of Greece
Coat of arms of Greece
Overview
History
Related

Banking in Greece made up the relative majority of assets and liabilities of Greece as of 2008.[1] On 29 June 2015 banks were shut down and capital controls were imposed. As of October 2018, the capital controls were brought to an end.[2]

Greek banks are de facto owned by Eurozone countries through the Hellenic Financial Stability Fund, effectively a subsidiary of the EFSF/ESM administered by the Eurogroup outside official European Union institutions.[3]

See also

References

  1. ^ "The World's Banks Could Prove Too Big to Fail — or to Rescue". The New York Times. October 10, 2008.
  2. ^ "Capital controls are over from today".
  3. ^ Yanis Varoufakis. Adults in the room: my battle with europe's deep establishment. ISBN 978-1-78470-576-3.


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