Bank executive: Completion of reviews with creditors necessary for lifting of capital controls

A top Greek bank executive and analyst this week reiterated that finally concluding the second review of the Greek program, and possibly the third review, is a necessary condition for lifting the last remaining capital controls in Greece. Athens-based Eurobank Group's chief economist and deputy general manager, Platon Monokroussos , in an interview with "N", echoed previous assessments that a large amount of households' savings are "under the mattress", a massive figure he estimated at between 8 to 10 percent of GDP.