Lifting capital controls

Lingering capital controls, which were introduced to protect the debt-crippled country from financial collapse, have done great harm to the national economy. In fact, it is still too early to estimate the full damage.

Worse, the restrictions on the movement of capital have dealt a huge blow to sectors which had begun to recover, if only slightly.

Furthermore, the capital controls have put a big dent in the country’s exports, which are essential for economic growth.

It goes without saying that the capital controls must be lifted as soon as possible. Any further delay will only make things worse.

Forming a responsible and stable government which will seek to implement the international bailout agreement signed with the country’s creditors is the only way to move closer to the crucial goal of restoring economic stability to Greece.