Tuesday, 12 May 2015

Capital controls not discussed for Greece, Varoufakis says

In World Economy News 12/05/2015

Greece’s Finance Minister Yanis Varoufakis said that capital controls have not been considered for the country and would go against the logic of a monetary union.
Asked if such controls were discussed, he said: “of course not, capitals controls and the monetary union are a contradiction in terms. We should never contemplate it.”

Source: Reuters (Reporting by Renee Maltezou, Robin Emmott)