Thursday, March 28, 2013

One-Size-Fits-All Don't Work!

Open Europe’s Raoul Ruparel is quoted by Bloomberg discussing the capital controls. He notes, “Stuck with an overvalued euro, Cyprus loses out on tourism, one of its two main economic activities…The other one, banking, is dead with capital controls. So what advantage does Cyprus get from being in the euro now?”
QUITE!

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