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As news of the negotiations sputtering out reached the general population, the country saw a run on the banks, which resulted in the implementation of capital controls, currently allowing Greeks to withdraw €60 a day at ATMs and placing a limit on any foreign transactions, even for something as mundane as payments for iCloud.
And, without the implementation of capital controls, this process can go on until the banks in the weaker nation are drained of deposits.
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The presence of capital controls makes this hard.
"At the moment we have problems because of capital controls.
This is the issue of capital controls -- various measures governments use to control volatile flows of money across their borders.
Among the changes that could be made: streamlining of banks' regulatory structure, the implementation of capital requirements and increased powers for the Federal Reserve.
In the absence of strict capital controls a firehose of capital will find a way through the cracks.
After decades of blanket opposition, the IMF now endorses capital controls on inflows of speculative capital under certain circumstances.
The figures reflect a steady decline in bonuses since the financial crisis in 2008 and the implementation of new controls on how bonuses are awarded.
Among the measures adopted are the implementation of heating controls in its offices, variable speed drives on its pumping stations and tracking systems for its commercial vehicles.
The implementation of rent controls and the end of the closing of railway stations, post offices, schools and hospitals.
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