The Eurogroup on May 24 will result in a deal between Greece and its creditors, Greece’s central banker said on Thursday, adding that if there’s a deal, then the capital controls will eventually be lifted.
Speaking to journalists on the sidelines of an event organized by the Federation of Industries of Northern Greece (SBBE) where he was a keynote speaker, Bank of Greece Governor Yiannis Stournaras said: “If we have the agreement on May 24 and everything goes according to plan, then the capital controls will be lifted.”
Asked to specify when exactly they could be lifted, he said this would depend on the progress of the Greek economy. “They will be lifted when trust in the Greek economy has been restored. 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,” he added.
Stournaras also said the imminent deal will end a period of uncertainty adding that if Greece then implements what the agreement includes, the economy will soon return to growth.
Source: ANA-MPA
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