Bank of Greece
Bank of Greece Governor Yannis Stournaras has announced that the central bank will propose the full lifting of capital controls which were imposed in June, 2015, when Greece's second bailout memorandum had ended and the the Tsipras government was still refusing to sign a new memorandum with creditors and EU partners.
Investor confidence in Greece will only strengthen with the promotion of reforms, the safeguarding of fiscal stability and the adoption of a more growth-friendly economic policy mix, Bank of Greece Governor Yannis Stournaras argues in his monetary policy report published on Monday as a blueprint for the next government.
Bank of Greece Governor Yannis Stournaras on Wednesday disputed the Finance Ministry's projection that there will be an overrun in the year's primary fiscal budget, and expressed his clear opposition to the handouts the government passed on the same day through Parliament and intends to continue introducing.
Greece will achieve a primary surplus of 3.5 pct of gross domestic product this year based on general government fiscal data for the first quarter of 2019, but it will be unable to exceed this target if current trends prevail over the rest of the year, Bank of Greece Governor Yannis Stournaras told the Athens-Macedonian News Agency (ANA-MPA) on Wednesday.