Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24. He said that an agreement between Greece and its creditors would herald an end to the imposition, speaking to the press on the sidelines of an event by the Federation of Industries of Northern Greece.
The central speaker, keynote speaker at the event, said that an exact time for the lifting of capital controls would depend on the progress of the Greek economy. “They will be lifted when trust in the Greek economy has been restored,” he said. “I cannot say when today, and I’m not in the habit of making such predictions. However, when we have a deal, we’ll see developments.”
An agreement between Greece and its creditors would end a long period of uncertainty and could kick in a return to growth, said the Greek central banker.