Greek capital controls fallout less than expected: Tsakalotos

Greek capital controls fallout less than expected: Tsakalotos

© Michalis Karagiannis / Reuter

Finance Minister Euclid Tsakalotos told lawmakers the fallout from capital restrictions imposed in June was milder than expected, and would manifest in the third and fourth quarters of 2015.

"We are (also) on a better course than I had expected on bank recapitalization. I am more optimistic today than what I was a month ago," he said.

He said a bill governing the recapitalization of the country's four main banks would be submitted to parliament 'soon'.

(Reporting By Angeliki Koutantou and Renee Maltezou, writing by Michele Kambas)

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