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
Wed, Aug 05, 2015 - 5:50 AM
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.
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...