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

References

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


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