Hellenic Bank Association
The government is planning to further relax the capital controls it imposed almost four years ago by the end of the month in a bid to make is easier for businesses to conduct transactions. The easing of restrictions was discussed in a meeting between creditors' mission chiefs and the leadership of the Finance Ministry, the Bank of Greece and the Hellenic Bank Association on Tuesday.
Without a post-bailout program framework, the special status allowing Greek banks to enjoy European Central Bank financing will be lost, ECB governing council member Benoit Coeure is said to have told Greek bankers on Monday in Frankfurt, while Bundesbank President Jens Weidmann also expressed support for such a framework for Greece.
The parameters of the adverse scenario stress tests scheduled in February on Greece's banks, with an emphasis on property values, will be at the focus of talks between the Hellenic Bank Association, led by Nikos Karamouzis, and the head of the European Central Bank's Single Supervisory Mechanism (SSM), Daniele Nouy, on January 15.