Sun, Jan 25, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Demolishing some myths about the single currency

Posted on 28 March 2013

The introduction of capital controls in Cyprus is a textbook example of shutting the stable door after the horse has bolted. Rich Russians and wealthy Cypriots knew the crisis was coming and have had the best part of a fortnight to spirit their money out of the country since it broke, even assuming they did not do so beforehand.
The restrictions will intensify the slump Cyprus faces while not removing the risk of bank runs when branches finally open for businesson Thursday. What’s more, the controls severely damage the credibility of the euro………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38939 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031