Cyprus, Barnier: "The restrictions on capital will last a few days"

The restrictive measures imposed by the government on the capital of Cypriot banks can only be short-term. This was stated by Michel Barnier, EU commissioner for the internal market, who explains: “It is about a restriction on capital movements that could only be applied for a few days“. The measures, which are expected to be approved this week by the European Parliament, are used to avoid a flight of funds and thus contain the difficulties of the Cypriot financial system.