PM Mitsotakis announces the lifting of capital controls

Prime Minister Kyriakos Mitsotakis announced the lifting of capital controls during his speech in parliament on Monday. "Capital controls are now in the past," he stressed, adding that this was done in collaboration with the Bank of Greece. Finace Minister Christos Staikouras is also expected to address the parliament.

According to sources, the institutions ratified the relevant amendment last Saturday. Addressing parliament during the debate on a draft data privacy bill, Mitsotakis praised the justice minister for the "spirit" of the draft legislation, which he hailed as an important step for modernisation, growth and social responsibility that protected citizens and especially minors.

He noted that no employer would be in a position to use data, such as that collected from cameras or information on their health, against employees or for their dismissal. All personal information will be codified and no access will be given without consent, while those breaking the law will have to think twice, he added.

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