Greece's 2015 capital controls capped ATM withdrawals at €60/day. Businesses couldn't make payroll. Families lost access to their own savings.
@panosmek, Co-founder & CEO of
@AnodosFinance, grew up watching it firsthand:
"You had your own money, your savings in the bank, and you couldn't access it. They just told you, you can use up to 60 euros, which is about $70 - $80 per day."
"For businesses it was even worse. Think about having to pay your staff and you can't access your money as a business."
"Our family business, my father had the restaurant. It had to close because of all this."
"Multiple families, multiple businesses all over Greece had to shut down because they couldn't access their own money."
"Most of the founding team is from Greece. We know the pain and we hate the banking system more than anywhere else in the world. We know what it feels like to be completely shut down from your own money."