Banks in no rush for end of capital controls

Greek banks are concerned about the prospect of the full lifting of the capital controls, as they would prefer that they remain in place for the time being. Bank chiefs expressed this view at a meeting on Friday with Bank of Greece Governor Yannis Stournaras, which focused on the roadmap for lifting the restrictions. On Monday they are expected to meet with government officials, possibly including Prime Minister Alexis Tsipras, to discuss the so-called Katseli law for the protection of primary residences. 

As regards capital controls, which were imposed in the politically turbulent summer of 2015, Local lenders' chief executives have agreed to the gradual easing of restrictions but have expressed misgivings about an immediate full lifting of the so-called third pillar, which concerns the transfer of money abroad. This is because of the uncertainty that may arise due to the...

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