The Business Times
SUBSCRIBERS

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

Published Tue, Aug 4, 2015 · 09:50 PM
Share this article.

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 closed lenders for three weeks and imposed controls on euro bills.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here