Meeting for the relaxation of capital controls

Meeting for the relaxation of capital controls

Athens, September 3, 2015/ Independent Balkan News Agency

By Spiros Sideris

The relaxation in the regime of restrictions on capital movements and banking transactions with a series of interventions was the central issue in meeting that took place under finance minister Nikos Christodoulakis and the involvement of the deputy governor of the Bank of Greece, Theodoros Mitrakos, the Secretary General of the finance ministry, Nikolaos Frangos, and representative of the Union of Greek Banks, Yannis Mourgelas.

Discussion revolved around a series of interventions that will facilitate businesses and households towards the normalisation of economic activity and further boosting of liquidity in the market. The proposals were then examined by the Committee on Banking Approval for their immediate implementation.

Christodoulakis also decided to suspend, throughout the election campaign, the publicity actions of NSRF programs or any other supervised institution.

The suspension covers all actions that promote and advertises programs co-financed by the EU or not, on television, radio, the press and the Internet, as well as participation in non-permanent exhibitions and seminars or workshops not provided from the implementation of programmes.