Greece rules out capital controls

Greece’s government has ruled out restricting access to bank accounts and the free movement of money if there is no breakthrough soon in tortuous talks with bailout creditors and its dwindling cash reserves dry up.

The possibility of imposing capital controls – part of a chain of events that could lead to Greece leaving the euro if things take a disastrous turn - “simply does not exist”, said Gabriel Sakellaridis, spokesman for the radical left-led government.