Are Greek banks safe?
First, that bank deposits are not safe. They are controlled by central banks that will print money with wanton abandon to flood the market and compete in a race to the bottom with other countries, but not protect your money when times get tough.
What happened with the banking system in Greece?
In 2012, the insolvent Greek state borrowed €41 billion ($45 billion, or 22% of Greece’s shrinking national income) from European taxpayers to recapitalize the country’s insolvent commercial banks.
Can I open a bank account in Greece?
Yes, it is possible to open a bank account in Greece as a non-resident. The banks would require from you the AFM, Arithmo Forologiko Mitro, a 9 digit tax number, which you can easily obtain at your tax office in your Greek neighborhood.
Should I bring cash to Greece?
When travelling, our experts would recommend always bringing a small amount of cash with you on every trip, for initial taxi transfers or hotel deposits etc. The rest of your travel money should be put onto a Caxton multi-currency card, for safe and secure spending.
How much does Greece owe Germany?
It owes its top two foreign creditors – the European Union (EU) and the International Monetary Fund (IMF) – roughly $264.5 million (75% of its total debt). duty to pursue World War II reparations from Germany. Greece owes Germany 56 billion euros ($61.1 billion).
Why did Greece go broke?
Key Takeaways. The Greek debt crisis is due to the government’s fiscal policies that included too much spending. Greece’s financial situation was sound when it entered the EU in the early 1980s, but deteriorated substantially over the next thirty years.
Has Greece paid off its debt?
Greece has paid off its entire debt from the financial crisis to the International Monetary Fund (IMF), two years ahead of schedule.
Which is the best Greek bank?
Top Banks in Greece
- Piraeus Bank. Universal Bank Piraeus Bank A.E. was formed in 1916 with the aim of supporting small and medium enterprises.
- National Bank of Greece.
- Eurobank Ergasias SA.
- Alpha Bank.
- Attica Bank.
- Aegean Baltic Bank.
What papers do I need to open a bank account in Greece?
In order to open a Greek bank account, you will need to bring certain supporting documents. These include some proof of ID, proof of address in Greece, AFM (Tax Identification Number), proof of mobile phone number and a recent salary statement.
Is water in Greece safe to drink?
A lot of people visiting the country wonder if they can drink tap water in Greece. The tap water is not potable throughout the country. Although it is perfectly safe to drink water from the tap in Athens and Thessaloniki it is better to ask in all the other places or even better buy bottled water which is fairly cheap.