After six months of very difficult negotiations with lots of ups and downs, we finally have an agreement. This agreement is one that many people have worked very hard for. I would like to thank from the bottom of my heart the people in Greece and the technical teams, the advisors that have worked for this deal, and also the institutions. Many Europeans have worked for this deal, whether representing their country or within the institutions themselves.
And this deal is something we hope will take Greece forward. It takes Greece forward in the sense that the financial system should be much more stable from now on. There is a promise of recapitalization of the banks without any depositor having any bail in or anything to worry about. So, the process of reversing the negative effects of capital controls will start very quickly and will speedily return the banks to where they were before and hopefully on a far firmer footing.
