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Europe Daily Bulletin No. 10816

28 March 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Cyprus restricts movements of capital

Brussels, 27/03/2013 (Agence Europe) - On Wednesday 27 March 2013, the Cypriot government introduced measures to restrict the movement of capital so that Cypriot banks can reopen on Thursday without a run on the banks.

It is difficult to say at this stage which banks exactly are going to open on Thursday. Greek newspaper Kathimerini points out that the capital restrictions have yet to be approved. Starting on Thursday and for one week, the restrictions will ban the cashing of cheques and...

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