Bank of GreeceSA Governor Yannis Stournaras said the country could participate inthe ECB'squantitative easing program at the end of 2016, Reuters reported July 2.
"Most of the [ECB] governors wish to see asustainability analysis for the Greek debt first," Stournaras told Avgi in an interview published the sameday. "That doesn't mean we have to wait for the Eurogroup to do it. TheECB can do the debt analysis."
The ECB decided in June to the waiver affecting theeligibility of marketable debt instruments issued or fully guaranteed byGreece, allowing such securities to be used as collateral in Eurosystem monetarypolicy operations. It said at the time that its Governing Council would lookinto the possible purchases of Greek government bonds under its public sectorpurchase program at a later stage.
Approximately €35 billion in Greek debt would be eligiblefor the ECB's QE program, Reuters noted.
Separately, Greek Finance Minister Euclid Tsakalotos saidJuly 4 that the timing of the full lifting of capital controls would depend on when public confidenceis restored in the Greek banking sector, Reuters said.
Tsakalotos reportedly told state broadcaster ERT1 that"if … money starts returning to the banks, this will help lift capitalcontrols." He also said Greece's economic performance would be a keydeterminant on when the country could fully lift the controls, adding that hisoffice would issue new guidance in the coming week regarding further easing ofcapital controls.