Bank of Greece seeks full lifting of capital controls in September or October

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Bank of Greece seeks full lifting of capital controls in September or OctoberThe newly-elected conservative government has been keen to move swiftly to reassure markets that it intends to adopt business-friendly policies to attract investment

Greece’s central bank has recommended to the government that it fully dismantle capital controls in September or October, a bold move to swiftly reverse emergency steps taken four years ago to protect the country’s banks during its financial crisis, Reuters reports.

“The central bank of Greece has recommended to the government the full lifting of capital controls,” a senior official with knowledge of the matter told Reuters. “I anticipate that this will be done in the first two months of autumn.”

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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Dimboukas

 

 

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