Greek Banks Can’t Withdraw Assets From Macedonia

Fact checked by The People's Voice Community

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.

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
About Sean Adl-Tabatabai 17897 Articles
Having cut his teeth in the mainstream media, including stints at the BBC, Sean witnessed the corruption within the system and developed a burning desire to expose the secrets that protect the elite and allow them to continue waging war on humanity. Disturbed by the agenda of the elites and dissatisfied with the alternative media, Sean decided it was time to shake things up. Knight of Joseon (https://joseon.com)