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Tag Archives: capital controls

No Grexit, No Grexident. The IOUs are coming…!?

Forget the Grexit, the Grexident and the Drachma scenarios. They are out! The 20-April-bankruptcy script writers have invented a new solution: something like a parallel currency. No, not the older scenario option of using Drachma nationally and the Euro internationally. Something new: the IOUS! A form of alternative mean of …

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ECB dismisses FAZ report on “capital controls in Greece”

“The ECB Governing Council and the ECB banking supervisor would be more comfortable if there were capital controls to prevent the banks bleeding (money),” German arch-conservative daily Frankfurter Allgemeine Zeitung claimed Thursday citing an source from the European Central Bank. ECB’s concern was allegedly based on the ground of a …

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Cyprus High Noon: banks open at 12 pm after almost two weeks

Banks staff, armed guards, police, journalists, stockbrokers, they are all ready to record the reopening of banks in Cyprus at 12 o’clock noon today, March 28th 2013. Banks will open again with strict capital control restrictions after almost two weeks. Employees are already inside the banks preparing the reopening. Banks will operate from 12 …

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