released by finance ministry
The finance ministry, as expected, unveiled its “road map” for a further loosening of capital controls in the country, nearly two years after the Tsipras government imposed the unprecedented measure immediately after declaring a contentious referendum in the country.
The goal, as repeated on Monday, is for a complete lifting of capital controls in Greece.
The “road map” was prepared in cooperation with the Bank of Greece (BoG) and is non-binding, in a legal sense, but was demanded by creditors.
Some of the envisioned steps are general in nature or to be expected, like improving macro-economic conditions, adhering to the current adjustment program, raising depositors’ confidence and increasing deposits, which will, in turn, improve the economic climate in the country.
Other steps in the “road map” are more specific and contingent, such as analyzing Greek banks’ liquidity and a return to the markets for borrowing by the still bailout-dependent Greek state and the country’s banks.
You may be interested
The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by AeroservicesPanos - May 07, 2021
The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…
Foreigners looking to buy Greek property amid Covid-19 pandemicPanos - May 07, 2021
Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…
Greek Taxisnet services not available for citizens over weekendPanos - May 07, 2021
Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…