Article 3RHGT Greece relaxes capital controls to prove worst of turmoil is over

Greece relaxes capital controls to prove worst of turmoil is over

by
Helena Smith in Athens
from Economics | The Guardian on (#3RHGT)

Confidence-boosting decision is taken as country prepares to exit third bailout programme

Greece is to take a substantial step towards easing capital controls - restrictions associated with the worst days of economic crisis - as it prepares to exit its current bailout programme.

Signalling that confidence is gradually returning to the country's banking system, the leftist-led government has doubled the amount depositors will be able to withdraw from their accounts as of Monday.

Related: Italy's eurozone crisis: no easy fixes for the European Central Bank | Nils Pratley

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