Any capital controls in Cyprus to be brief -EU's Barnier
BRUSSELS, March 25
BRUSSELS, March 25 (Reuters) - Any capital controls in Cyprus will not last long, the EU's head of financial regulation said on Monday, saying he expected their approval by the European Parliament later this week.
"This is a restriction on movement that may only last a few days," the EU's Internal Market Commissioner Michel Barnier told a news conference in Brussels.
Such measures would be aimed at containing the problems of Cypriot banks.
- Tweet this
- Share this
- Digg this
- UPDATE 7-Tennis-Paris Masters men's singles round 3 results
- Kurds' battle for Kobani unites a people divided by borders
- RBS takes 400 million pound forex hit and warns more to come
- British banks buoyed by new rules on risk buffers
- Japan's central bank shocks markets with more easing as inflation slows |