Bank of Greece governor to propose full lifting of capital controls


Bank of Greece Governor Yannis Stournaras said on Friday that he aims to propose the full lifting of capital controls on Greek banks.

“We consider they are no longer of use,” Stournaras told journalists after meeting new Greek Prime Minister Kyriakos Mitsotakis on Friday.

“The Bank of Greece will recommend to the government that they (controls) be fully lifted the soonest possible.”

Apart from the issue of capital controls, the two men discussed the problem of non-performing loans which continue to burden Greek banks.