At your bank in the country that invented democracy, you can now
visit your money (but that's about all you can do with it);
Banks across Greece may have reopened their doors after a forced holiday
of over three weeks on Monday but almost all banking transactions are
still prohibited for households and enterprises, and will stay that way
for some time yet.
At least they voted for that.
...depositors cannot send any money abroad unless they secure special
permission, they cannot buy stocks or bonds, they cannot pay off their
mortgage or consumer loans early, they cannot access their time deposits
before they mature, or open a new account, etc. Even seeking medical
treatment at a hospital abroad requires the approval of a bureaucrat.
Socrates, Plato, Aristotle, call the office.
...enterprises have to apply to the Banking Transaction
Approval Committee even for the smallest conceivable international
transaction. Whether they wish to import goods (from food to fabric),
raw materials, machinery or spare parts, they have to submit an
application through their bank to a five-member special committee and
hope for the best.
There's always hope, but;
The backlog of such demands currently stands at 2,500 at least as the
process is extremely slow and priority is being given to low-value
transactions because of the lack of liquidity.
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