OPINION

Opening the way for capital to return

The repatriation of capital that has been moved from local banks to other lenders abroad since the start of the Greek crisis is an ambitious goal that would have multiple benefits for the country.

First and foremost, it would provide much-needed relief for the banking system, which in turn would allow banks to reopen the liquidity tap and inject lifesaving cash into the market.

There are plenty of businesspeople who would like to bring their capital back into the country to buttress their businesses but cannot because there are so many restrictions in place.

One thing is certain: No one will bring their money back to Greece without assurances that their deposits and savings will be completely safe from future measures or other traps that so often lie in wait for anyone who does business in this country.