Capital controls - coming soon to Greece

Discussion in 'Economics' started by MoreLeverage, May 5, 2015.

  1. Tsing Tao

    Tsing Tao

    Cyprus redux.
     
  2. Sig

    Sig

    In case you didn't know, the Daily Mail is just slightly less sensationalistic than those tabloids you see in the supermarket checkout in the U.S., so you have to take their headlines with a serious grain of salt. Reading elsewhere the proposal sounds like a 1 euro per 1,000 euro fee on ATM withdraws (cashpoints in British). I already pay far more than this every time I'm foolishly short of cash and not near one of my bank's ATM machines, so this is hardly the apocalyptic event the headline implies. An interesting coincidental FYI to Tsing Tao's post, Cyprus capital controls ended today http://www.money-marketuk.com/Polit...zone-s-first-capital-controls-go-quietly.html
     
  3. Tsing Tao

    Tsing Tao