Print Page - 2013-03-22: Historic moment for the eurozone as capital controls approved

Title: 2013-03-22: Historic moment for the eurozone as capital controls approved
Post by: MaxCoins on March 22, 2013, 09:23:43 PM

From The Guardian @ 9.04pm GMT.

To re-iterate, the decision to approve the capital controls bill means Cypriots are likely to soon face tough restrictions on how much money they can take out of their bank, on access to their own savings, and on their ability to transfer funds.

This is the full list of powers that could be imposed (translated by @YiannisMouzakis this morning)

Restrictions in daily withdrawals
Ban on premature termination of time savings deposits
Compulsory renewal of all time savings deposits upon maturity
Conversion of current accounts to time deposits
Ban or restrictions on non cash transactions
Restrictions on use of debit, credit or prepaid debit cards
Ban or restriction on cashing in checks
Restrictions on domestic interbank transfers or transfers within the same bank
Restrictions on the interactions/transactions of the public with credit institutions
Restrictions on movements of capital, payments, transfers
Any other measure which the Finance Minister or the Governor of Cyprus Central Bank see necessary for reasons of public order and safety

http://www.guardian.co.uk/business/2013/mar/22/eurozone-crisis-cyprus-bailout-russia-vote (http://www.guardian.co.uk/business/2013/mar/22/eurozone-crisis-cyprus-bailout-russia-vote)

Title: Re: Historic moment for the eurozone as capital controls approved
Post by: kiba on March 22, 2013, 09:25:23 PM

NEED TIME FORMATTING, SIRE

Title: Re: Historic moment for the eurozone as capital controls approved
Post by: MaxCoins on March 22, 2013, 09:28:27 PM

i.e. 9.04pm GMT?

Title: Re: Historic moment for the eurozone as capital controls approved
Post by: DataPlumber on March 22, 2013, 09:53:18 PM

I think he's talking about the thread title. Doesn't fit the guidelines for the "Press" topic.

Title: Re: Historic moment for the eurozone as capital controls approved
Post by: Rothgar on March 22, 2013, 09:57:45 PM

Quote from: DataPlumber on March 22, 2013, 09:53:18 PM

I think he's talking about the thread title. Doesn't fit the guidelines for the "Press" topic.

But thanks for submitting.

Title: Re: Historic moment for the eurozone as capital controls approved
Post by: MaxCoins on March 22, 2013, 10:25:39 PM

Ok - got it - thanks. relatively new here...

Title: Re: 2013-03-22: Historic moment for the eurozone as capital controls approved
Post by: jago25_98 on March 22, 2013, 11:00:10 PM

I wonder how such controls can affect other currencies on the periphery of the Eurozone; Czech, Polish, British, Turkish? - especially the high inflation ones

Title: Re: 2013-03-22: Historic moment for the eurozone as capital controls approved
Post by: MaxCoins on March 23, 2013, 12:02:47 AM

JPMorgan On The Inevitability Of Europe-Wide Capital Controls
https://bitcointalk.org/index.php?topic=156667.0

Title: Re: 2013-03-22: Historic moment for the eurozone as capital controls approved
Post by: Wekkel on March 23, 2013, 06:02:10 AM

Europe: so free that you cannot even send your cash around freely. But people sometimes have to learn the hard way.

Title: Re: 2013-03-22: Historic moment for the eurozone as capital controls approved
Post by: luffy on March 23, 2013, 06:06:58 AM

control to anything! they can't control internet yet nor BTC but they will try for sure :)

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Bitcoin => Press => Topic started by: MaxCoins on March 22, 2013, 09:23:43 PM