Greek banks must be recapitalised before capital controls go - Eurobank chairman

View of a Eurobank branch in central Athens March 11, 2015. REUTERS/Yannis Behrakis

ATHENS (Reuters) - Political stability and the successful recapitalisation of Greek banks are needed before Greece can lift capital controls imposed in June to avert a financial meltdown, the chairman of Greek lender Eurobank said on Monday.

Greece was forced to shut its banks and impose limits on withdrawals and capital movements to keep them from collapsing, when its talks with lenders over a third bailout hit an impasse and Greece risked having to quit the euro.