Greece > Financial

While the process for opening a bank account in Greece is straightforward there are some important issues to remember because of the country's ongoing financial issues. Indeed, when credit controls were in place it was virtually impossible for anyone to open a new bank account in the country.

Expats could do so to receive their salary but needed a legal document from their employer to prove the need for a new Greek bank account. This requireme ...    more ...

It is truly tragic that, in a few short years, Greece has shifted in the public imagination from being the birthplace of democracy and timeless philosophical inquiry to being called a "broke" nation, and being cited as a prime example of the socio-political fractures in the Eurozone. Since the 2010 rise of Greece's national debt to nearly twice the Eurozone average, and the subsequent degradation of Greece's government debt to 'junk bond' status ...    more ...