You are here

In Greece, plastic casts light into shadow economy

Increase in debit cards coming into circulation will ensure that more buying and selling of goods and services will go through the books
Wednesday, August 5, 2015 - 05:50

BT_20150805_KVCARD5_1809053.jpg
Pensioners waiting to be issued their bank ATM/debit cards inside a National Bank branch at Iraklio in Crete. About 1m debit cards have been issued by banks since the government closed lenders for three weeks and imposed controls on euro bills.

Athens

GREECE'S banking crisis is having at least one positive outcome, and it's made of plastic.

In a country where cash is king and undeclared transactions still make up about a quarter of the economy, about one million debit cards have been issued by banks since the government

Powered by GET.comGetCom
sentifi.com

Market voices on:

Powered by GET.comGetCom