(ANSA-AP) - ATHENS, SEPTEMBER 2 - Greece has formally ended
the last remain ing banking restrictions imposed four years ago
during a financ ial crisis that saw the country nearly crash out
of the eurozone. The decision announced last week took full
effect Monday as limits were lifted on international business
transactions, overseas cash withdrawals and money sent to
students studying abroad, among other cash curbs. Capital
controls were imposed in 2015 during a standoff between
international bailout lenders and the previous Greek government
that triggered a three-week closure of Greek banks and severe
limits placed on cash withdrawals. Greece eventually signed up
to a third consecutive bailout agreement and the banking restr
ictions were later gradually dismantled. Conservative Prime
Minister Kyriakos Mitsotakis tweeted that "the abolition of
capital controls is a necessary condition to at tracting
investment and growth." (ANSA-AP).
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