ATHENS, May 20 (Reuters) - Greek banks will continue to face liquidity and funding pressures over the next 12-18 months that could force imposition of capital controls and a deposit freeze, ratings agency Moody's said on Wednesday, giving the sector a negative outlook.
REYKJAVIK, May 20 (Reuters) - The International Monetary Fund said on Tuesday wage demands by Icelandic trade unions could result in agreements pushing inflation beyond a target and, combined with weakness in Europe, delay a roll-back of capital controls .
disputes with workers, under pressure from trade union demands, could push inflation beyond a target and, combined with weakness in Europe, could delay its roll back of capital controls , the International Monetary Fund said on Tuesday.
LONDON/ATHENS, May 19 (Reuters) - Greece's cash crunch has pushed several European brokers to cut back on Greek share trading or restrict approval of new positions in case Athens imposes capital controls , industry sources told Reuters.
FRANKFURT, May 7 (Reuters) - With a deal to resurrect its aid-for-reform programme elusive, Greece risks running out of money in the coming weeks, raising the prospect of default and capital controls ...
FRANKFURT, May 7 (Reuters) - European Central Bank Executive Board member Yves Mersch said capital controls were possible under exceptional circumstances when asked about such taking such measures in Greece in an interview in Spain's La Vanguardia newspaper on Thursday.
were to depart from the eurozone, repudiate their debts, and return to the drachma. Greek banks would fail, and capital controls would be imposed. Devaluation would increase export competitiveness but cause imports to become prohibitively expensive
competitiveness in the southern European periphery. In the short run, all hell would break loose. Banks would fail, capital controls would be imposed, and the cost of imports would soar. Greek unemployment would jump far above today’s already
FRANKFURT, April 20 (Reuters) - Introducing capital controls in a country does not mean that it has to leave the euro currency bloc, ECB Vice President Vitor Constancio said on Monday, adding that...
REYKJAVIK, April 14 (Reuters) - Iceland's finance minister said on Tuesday the government was working on a tax aimed at cash transfers to other countries from the estates of the country's collapsed banks to prevent an exodus as it starts lifting capital controls .