European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls.....
Belgium's finance minister, Steve Vanackere, said at the end of May that it was a function of each euro zone state to be prepared for problems. These discussions have been in that vein, with the specific aim of limiting a bank run or capital flight.
Just the latest warning, this time from Reuters.
This is the last post on this blog..... good luck!
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3 comments:
Wow, limiting the size of withdrawls. Things must be worse then they appear....
Limiting the size of withdrawals can be advantageous as it can help bank holders have a control over their money and also deter thieves from withdrawing huge amount at one transaction.
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