Sunday, June 28, 2015

Minister admits that Greeks have detomar steps to avoid … – Daily News – Lisbon

The Finance Minister Maria Luís Albuquerque, said today in Brussels that the Greek authorities may have to take steps to avoid “a situation of uncontrolled” in the banking system of the country.

“There is a set of measures that eventually the Greek authorities themselves can take to avoid that there is a financial uncontrollable situation. It is a set of measures that only the authorities themselves will take, as indeed there have been examples in other countries, “said Maria Luís Albuquerque press conference after the Eurogroup today and the meeting of ministers that followed, but already without the presence of the Greek Minister Yanis Varoufakis.

The most widely spoken as is the introduction of capital controls in Greece which will have to be decided by the government and aimed at preventing the exit on a large scale banks’ money, since it is anticipated that further aggravate the flight of deposits before the situation now.

This decision may undergo limits on withdrawals or international transfers of money.

Cyprus was the only member of the eurozone that has imposed capital controls. Lasted about two years and were imposed when the country requested financial assistance and before getting the agreement with international lenders.

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