REPORT: Greece's economy will be locked down with capital controls if it can't find a deal by the weekend
A report in Germany’s Sueddeutsche Zeitung newspaper on Monday evening says European governments are ready to push for capital controls in Greece if there’s no deal this week. That would mean a severe lockdown on flows of cash similar to the ones brought in for Cyprus in 2013 — strict limits on the amount that could be withdrawn from banks, taken abroad physically or passed between international accounts…
LONDON, June 16 (Reuters) – TheCityUK, an independent body to promote London’s financial services industry, said on Tuesday that John McFarlane will take over as its chairman in September, succeeding Gerry Grimstone.
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