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Archives for capital controls

About those “temporary” Cypriot capital controls:From Iceland’s letter of intent to the IMF dated November 2008, highlighting the intention to remove capital controls “as soon as possible” (click to enlarge):A statement by the Central Bank of Ice…

Posted by Open Europe blog team

As we have noted at length, the capital controls are a key part of the Cypriot deal and could have a huge bearing on how and when Cyprus recovers from this crisis. Unfortunately, as with almost all important eurozone decisions, this one lacks clarity. …

Posted by Open Europe blog team