German newspaper Süddeutsche Zeitung: capital controls by the European Central Bank could be imposed this weekend

Market news

16 June 2015

German newspaper Süddeutsche Zeitung: capital controls by the European Central Bank could be imposed this weekend

German newspaper Süddeutsche Zeitung reported on Monday that capital controls by the European Central Bank could be imposed this weekend. Athens denied this report.

According to Süddeutsche Zeitung, Athens' creditors will provide an ultimatum proposal to Greece. If the debt talks does not make any progress this week, capital controls will be imposed.

Capital controls were last imposed in Cyprus in 2013.

Greek Finance Minister Yanis Varoufakis: Athens will not provide a new reform proposal to its creditors at the upcoming meeting of finance ministers

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