Greece relaxes capital controls to prove worst of turmoil is over

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.

Continue reading…

Read full original article »