Greece referendum and capital controls
2015-06-28 ~ 2015-07-05
Following bank closures and capital controls on 6/28, a referendum on the proposed support terms was held on 7/5.
A grouping from the introduction of capital controls to the referendum date. It does not cover the lifting of controls.
Conditions at the time
Uncertainty over support negotiations and bank funding deepened Greece’s difficulties accessing finance.
How events unfolded
Following bank closures and capital controls on 6/28, a referendum on the proposed support terms was held on 7/5.
Stakeholders and impacts
Greek voters, the government, banks and support institutions including the EU and IMF were involved in policy choices.
Information available at the time
In the vote, 61.3% opposed the draft agreement presented on 6/25.
Findings confirmed later
Greece subsequently requested a new support program and continued negotiations.
Alternative interpretations and limitations
A No vote did not immediately confirm exit from the euro. Ending the display at the referendum also does not mean capital controls ended.
Interpretation using later sources
After the referendum, Greece requested new ESM support in 2015/7; the third programme began in month 8 and ended in 2018. That closure date is not the lifting date of the 2015 capital controls. ASSETCASTING interpretation: Voting, bank liquidity and subsequent negotiations are connected but distinct. A political decision does not automatically determine financial stability or later economic recovery.
Evidence coverage through 2018-08-20 · Sources checked 2026-10-14
Related events and periods1
- Financial-crisis response and unconventional monetary policy
An event or period whose recorded start falls within this editorial interval. This does not establish that it caused or represents the characteristics of the era, nor guarantee that the entire period falls within the interval.
Historical events do not guarantee future recurrence or investment performance.