The Prime Minister, Kyriakos Mitsotakis, announced during his speech that the government's plan for the complete abolition of capital controls was immediate. The Greek Prime Minister, on the sidelines of the House, during a debate on personal data, announced on the noon of August 26, 2019, that there is now "an end" to the implementation of the capital controls measure (Effective since July 2015), as of September 1, 2019.
Specifically, Kyriakos Mitsotakis stated, "We have acted before the timetable we had set up in cooperation with the BoG to fully restore normality in the movement of capital. Capital controls are a thing of the past. " The Greek Prime Minister said that the Finance Minister would immediately and officially submit the relevant amendment and provide explanations.
"The pre-election climate and especially the outcome of the July 7 elections have restored confidence, as shown by the historically low interest rates of Greek bonds," he added. A cycle of optimism is opening for the Greek economy and banking system.