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Athens Macedonian News Agency: News in English, 16-05-12

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Commission officials recommend loosening controls on new money in the Greek banking system
  • [02] FM Kotzias in Bratislava; to meet with President Kiska

  • [01] Commission officials recommend loosening controls on new money in the Greek banking system

    European Commission officials are recommending adopting different policies in treating existing and new money in the Greek banking system, in the framework of reducing the impact from capital controls in the country, sources told AMNA on Thursday.

    The sources said that "it should be a clear distinction between new and old money in the Greek banking system," based on the model adopted since the first day of introducing capital controls in Cyprus in the past.

    At the same time, it would help the operation of a series of enterprises, such as the tourism sector, ending practices of seeking banking tools (POS) offered by neighboring Balkan countries.

    Under existing capital controls, any new money entering the domestic banking system from abroad is able to either be exported again or allowed for cash draws up to 10 pct of total sum.

    [02] FM Kotzias in Bratislava; to meet with President Kiska

    VIENNA (ANA-MPA/D.Dimitrakoudis)---Foreign Minister Nikos Kotzias' visit to Bratislava constitutes an excellent opportunity to further improve the bilateral relations between Greece and Slovakia and build confidence and solidarity.

    On Friday, Kotzias will meet with his Slovakian counterpart Miroslav Laitsak who has twice visited Greece in the last period.

    During his visit to Bratislava, Kotzias is also expected to meet with the president of the European Affairs Committee of the Slovakian Parliament Lubos Blaha and Deputy Prime Minister of Slovakia government responsible for investments Peter Pellegrini.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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