ATHENS (Reuters) - Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said on Saturday.
"We will have new easing (of capital controls) very soon," Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when.
"With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the full lifting of capital controls, the third and final pillar... concering restrictions on moving capital abroad," he said.
Greece imposed capital controls to stem a flight of cash from its banks in July 2015, when, at the height of its debt crisis, it faced bankruptcy and a euro exit.
Last month it emerged from its final of three international bailouts and almost nine years of austerity. It remains heavily indebted and under fiscal monitoring by the European Union and International Monetary Fund.
(Reporting by Karolina Tagaris; Editing by Clarence Fernandez)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
