×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | EU | Greece | Bailout

EU Official: Greek Market Access 'fragile' amid Italy Crisis

EU Official: Greek Market Access 'fragile' amid Italy Crisis

Thursday, 31 May 2018 09:38 AM EDT

ATHENS, Greece (AP) — A top European Union official in Greece says the country's access to bond markets remains "fragile" amid the ongoing financial turmoil triggered by the political standoff in Italy.

European Commission envoy Declan Costello made the cautionary remarks at a financial conference in Athens Thursday, as Greece prepares to end its third consecutive international rescue program in late August with plans to make a full return to markets.

Separately, the Finance Ministry announced a decision to further ease capital controls imposed in 2015, raising the monthly cash withdrawal limit for depositors from 2,300 to 5,000 euros ($2,690 to $5,850). Daily business limits on payments abroad will be increased from 20,000 to 40,000 euros ($23,400 to $46,800).

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

GlobalTalk
A top European Union official in Greece says the country's access to bond markets remains "fragile" amid the ongoing financial turmoil triggered by the political standoff in Italy.European Commission envoy Declan Costello made the cautionary remarks at a financial...
APFN,EU,Greece,Bailout
118
2018-38-31
Thursday, 31 May 2018 09:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved