Banking in Greece explained

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

• List of banks in Greece
• Economy of Greece

External links

• List of largest Greek banks

Notes and References

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