The sharp rise in the use of credit and debit cards, even after the complete lifting of capital controls in Greece, will not decrease, according to results in a study released recently by the Bank of Greece (BoG).
In a relevant survey included in the study, 83 percent of respondents disclosed they will continue to use credit and debits cards with the same or even higher rate. The figure, in fact, rises to 93 percent in higher-income brackets.
At the same time, 38 percent of respondents claim that a capital flight will occur, draining deposits from Greek banks, when capital controls are lifted – a result of the shambolic negotiations by the Tsipras government in the first half of 2015.
At the same time, 79 percent of people queried noted that they themselves would not withdraw their deposits from Greek banks once capital controls are fully lifted.
In terms of businesses survey, 44 percent of respondents representing corporate entities revealed they would transfer at least a portion of their capital outside Greece.
Large businesses, above 50 employees or more, appear more interested in repatriating capital to Greece now held overseas, with 64 percent pointing out such a development aims to cover operational costs.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: Dimboukas License: CC-BY-SA
Source: naftemporiki.gr
