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
- Deadly gun attack in eastern Ukraine shakes fragile Geneva accord |
- South Korea recovers first bodies from inside sunken ferry |
- Bankrupt British loans official resigns, embarrassing PM Cameron
- Special Report - How the U.S. made its Putin problem worse
- Australia sees 'regroup' on Malaysian plane search in a few days |