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
- Exclusive - Apple, Google agree to pay over $300 million to settle conspiracy lawsuit
- Brazilian Congress passes Internet bill of rights
- Moyes left all at sea by scale of United job, says former coach
- Boy and girl on Korean ferry drowned with life jackets tied together |
- Ukraine forces kill up to five rebels; Russia starts drill near border |