- European Central Bank Governing Council Member Ewald Nowotny: that controls on the movement of capital may be helpful in some extreme situations
Market news
11 May 2015
European Central Bank Governing Council Member Ewald Nowotny: that controls on the movement of capital may be helpful in some extreme situations
European Central Bank (ECB) Governing Council Member Ewald Nowotny said on Friday that controls on the movement of capital may be helpful for countries in an emergency.
"They might be helpful as a temporary measure in some extreme situations," he noted.
Nowotny added that such measures proved to be efficient in the case of Cyprus.
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