ECONOMY

Greece could lift capital controls if all goes well in Q1, Houliarakis says

greece-could-lift-capital-controls-if-all-goes-well-in-q1-houliarakis-says

Greece could lift capital controls in early 2016 if the country remained stable economically, Deputy Finance Minister George Houliarakis said on Wednesday.

"The expectation is that if the economic environment remains stable capital controls can be lifted in the first quarter of 2016," he told lawmakers.

Greece imposed capital controls in June to prevent a cash run on its banks. There has been a very gradual easing for domestic controls, but the bulk of restrictions remains in force. [Reuters]