The evolution of banking system in Greece after 1975

Abstract

The porpuse of the study is the analysis of some aspects of the Greek Banking System after 1975.Over the past two decades, the Greek banking and financial systemhas undergone significant transformation. The banking and financial sectors have been liberalized considerably since 1987, primarily because of directives from the EU and are now basically free of state control. In short, for years the Greek economy was under the close ownership, management and ccontrol of government. In the late 1990s deregulation changed the situation. With a few exceptions, Greek banks are no longer under government ownership, management and control.