Balkan nations brace for Greek default with capital controls

The central banks of Serbia and Macedonia have imposed restrictions on conducting business with Greek banks, RFE/RL reports. Serbia is limiting the transactions that banks which are subsidiaries of Greek lenders can conduct with their owners. Macedonia has ordered all of its banks to withdraw all loans and deposits from banks based in Greece. Macedonia also placed a six month ban on residents investing in Greek securities. Millions of people in Serbia, Macedonia, Bulgaria, Albania and Romania have deposits in banks owned by Greek lenders.


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