Stournaras: End capital controls

Bank of Greece chief Yannis Stournaras announced on Friday that he will propose the immediate lifting of all remaining capital controls, more than four years after restrictions were imposed by the previous government.

The central banker met on Friday afternoon with Prime Minister Kyriakos Mitsotakis, telling reporters on his way out of the PM's office that capital controls are "no longer of use."

"The Bank of Greece will recommend to the government that they (controls) be fully lifted the soonest possible," he said.

According to a statement by the PM's office, Mitsotakis and Stournaras agreed that "the reform policies being put forward by the government will bolster growth and create additional fiscal space for it to carry out its program."

Athens appears to rely on the growth impact of tax cuts, which are indeed being viewed positively by the country's...