Cyprus capital controls to last "a matter of weeks"- minister

LONDON, March 26 Tue Mar 26, 2013 9:16am GMT

LONDON, March 26 (Reuters) - Cyprus's Finance Minister Michael Sarris said on Tuesday that capital controls to prevent big outflows of cash from the island would probably last for "a matter of weeks."

"I think we are talking a matter of weeks. That would be my sense," Sarris told BBC radio.

He said he was confident that outflows would be more controlled as progress was made on implementing an international bailout deal for Cyprus.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.