Greece will spend at least three-and-a-half years under the restrictions of capital controls as their abolition is not expected to come any earlier than the end of 2018, according to a competent credit sector source. Source Ekathimerini
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The European Commission, the EU’s executive, on Monday accused Polish Foreign Minister Witold Waszczykowski of not understanding its role as a dispute over government pressure on Poland’s judiciary and state media intensified. Source Reuters
Growth in bank loans to euro zone companies set a fresh post-crisis high in April, even as a key money supply indicator, which often predicts future economic activity, dipped more than expected, fresh data from the European Central Bank showed on Monday. Corporate lending in the 19-country currency bloc grew by 2.4 percent in April, just above the previous month’s 2.3 percent but the highest rate since mid-2009. Source Reuters