Exchange controls may be introduced within the Eurozone

29 December 2011

Exchange controls may be introduced within the Eurozone

There is an interesting article by Bill Jamieson in The Scotsman. He discusses preparations for the possible introduction of exchange controls and controls on the international movement of capital in Europe which I have been saying for a while may be a necessary response to a run on Euro deposits in the other PIIGS if or more likely when Greece exits the Eurozone:

http://www.scotsman.com/lifestyle/arts-blog/bill_jamieson_apocalypse_could_be_now_for_euro_1_2028344

Posted at 03:23 PM in Climate Change, Credit Crisis, Current Affairs, Finance, General | Permalink

Technorati Tags: Bill Jamieson, exchange controls, Greece, PIIGS, Scotsman

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Except what the author is really arguing for in the article is Scottish secession...

Posted by: Thomas Tin | 29 December 2011 at 04:13 PM

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