Officials looking at ways to ease capital controls


Greek government and banking officials are working on ways to relax the country's capitals controls as the winding up of current bailout talks is expected to help boost sentiment.

The steps being examined include introducing incentives to get Greeks to pull out cash stashed under mattresses since the capital controls were introduced in the summer of 2015 amidst fears that the country would be tossed out of the euro.

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Other measures being considered, officials say, include increasing the weekly cash withdrawal limit from Greek banks to 500 euros from 420 euros currently and dropping restrictions on the opening up of new bank accounts.

No decisions are expected until Greece votes in austerity demanded by international creditors later this month in exchange for 7 billion euros of rescue aid.

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