The intervention of the President of the Administrative Board of IKY, Effie Basdra, was crucial as IKY played a leading role between the communications with the Bank of Greece and the Finance Minister.
The restrictions concerned:
1. New accounts by public and private schools recipients of the Erasmus+
2. New accounts by incoming or outgoing students
3. Adding a beneficiary to an existing account
4. Transfer of funds between institutions and beneficiaries