Greek bank owners with assets in the Republic of Macedonia are unable to pull out their capital unless they offer their holdings for sale, former Yuogslav state’s central bank governor has said.
“Greek banks have no legal possibility to withdraw their founding capital, according to the Law on Banks … They can only sell their stake to another investor”, the former governor said.
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
You can unsubscribe any time. By subscribing you agree to our Terms of Use
Swissinfo.ch reports:
Greek banks, which are under pressure in their own country as the risk of the country’s default and exit from the euro area grows, will have to weather a shaky political situation in neighboring Macedonia, which has called early elections in the worst political crisis in more than a decade.
Greek bank holdings account for about 22 percent of all banking assets in Macedonia.
Sean Adl-Tabatabai
Latest posts by Sean Adl-Tabatabai (see all)
- British Gov’t Urged To Censor ‘Conspiracy Theories’ About Kate Middleton - March 27, 2024
- California To Begin Putting Male Rapists Into Women’s Prisons: “Gender Is a Social Construct” - March 27, 2024
- UN Chief Antonio Guterres Demands Slavery Reparations for All Black People in America - March 27, 2024
Be the first to comment