Articles by Alistair Scrutton and Robert Robertsson, Reuters
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Iceland Offers Hard Lessons for Cyprus on Capital Controls
Alistair Scrutton and Robert Robertsson, Reuters – TRANSCEND Media Service,
1 Apr 2013
For Iceland, there was a sense of deja vu when Cyprus’s finance minister said capital controls would probably last “a matter of weeks”. Five years after a banking meltdown, the north Atlantic island has just extended its own controls indefinitely… Cyprus, by contrast, cannot devalue because it is a member of the euro zone.
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