The Greek Minister of Finance Euclid Tsakalotos estimated that the country’s bonds will soon be eligible for the European Central Bank’s quantitative easing (QE) program, in an interview for Bloomberg.
According to the Finance Minister, qualification in the QE plan will in turn pave the way for lifting the capital controls and the gradual recovery of investor confidence. Mr. Tsakalotos argued that “QE could follow as soon as July’s maturing debt is paid”.
“Once you have QE, and depending on what your take is on the debt situation, you can take Grexit off the table” commented the Finance Minister adding that “then you have a straight runway for investors”.
Mr. Tsakalotos concluded that “restrictions on capital controls are already being eased and there is a road map toward full liberalization” and expresses this hope “by autumn we’ll have some substantial change”
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