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Greek economy to return to growth in second half of 2016, Economy Minister says

The Greek economy will return to growth in the second half of the year, Economy Minister Giorgos Stathakis said on Monday evening on the sidelines of the general meeting of the Federation of Industries of Northern Greece, in Thessaloniki.

“I’m optimistic that in the second half we’ll get into positive territory and the economy will show results quickly,” he told journalists.

Asked about capital controls and when he expects them to be lifted, Stathakis said: “There’s a plan, which has not been announced yet, for a continuous relaxation of controls. I don’t think there’s anyone who can make a safe a safe prediction at this time [on when they will be lifted]. The recovery of the economy and especially the positive messages from the banking system is the crucial point to talk about a reverse course of the economy.”