Athens capital controls to stay

Chris Papadopoullos
Follow Chris
GREECE may still need capital controls even if a new bailout deal is passed, with a leaked study from one of its creditors suggesting this would require a substantial amount of its debt to be cancelled.

A study from the International Monetary Fund leaked to Reuters said the last two weeks of capital controls had damaged the Greek economy and that a chunk of its debt needed to be written off.

But experts warn that capital controls, such as ATM withdrawal caps, could go on for much longer even if a deal on Greece is finalised.