http://www.nytimes.com/2013/03/25/opinion/krugman-hot-money-blues.html?_r=0

Hot Money BluesWhatever the final outcome in the Cyprus crisis – we know it’s going to be ugly; we just don’t know exactly what form the ugliness will take – one thing seems certain: for the time being, and probably for years to come, the island nation will have to maintain fairly draconian controls on the movement of capital in and out of the country.

Embedly Powered