1. #GRealityBUSINESS IN GREECE UNDER
CAPITAL CONTROLS
A NEW REALITY
Impact from
limitations in
cross-border
transactions
58%High / Very high
Low 36%
6%None
Impact from cap
imposed on
daily cash
withdrawals
46%High / Very high
Low 33%
21%None
Measures taken
to address
cash flow constraints
Suspension
of payments
to suppliers 45%
Cuts
in non-payroll
expenses
(e.g. marketing) 28%
Sales in cash only 13%
Salary cuts 11%
Personnel lay offs 10%
Decrease/
Suspension
of production 11%
Delay in payment
of salaries 3%
Trade transactions through
foreign bank accounts
46%
Settlement of all
outstanding payments
to suppliers
40%
46%Advance payment of salaries
Plans for transferring
headquarters/
operations abroad
64%
No
23%
13%
Yes
Already
abroad
EXPECTATIONS
KEY PRIORITIES
Duration of capital controls “Haircut” of Greek deposits
44%
>10 months
29%
4-10
months
23%
1-3
months
4%
2-3
weeks
78% believethat Greece will remain in the Eurozone
in the next 2 years
97% wantGreece to remain in the Eurozone
in the next 2 years
Impact of
capital controls
on turnover
51%Drop <50%
Increase 4%
€€€
No impact 27%
Drop >50%18%
No
Yes <25%
Yes >25%
46%22%
32%
Immediate
Mid/long-term
Lift
capital controls
49%
12%
Increase
liquidity
29%
26%
Fight
tax evasion
11%
22%
Implement reforms
in labor market
& pension system
7%
16%
Decrease
bureaucracy
3%
10%
Improve
education
system
0%
9%
Source: Endeavor Greece survey to a sample of 300 companies