Cyprus crisis: What are capital controls and why does it need them?

“Neither a borrower, nor a lender be.” That was the recommendation given by the rather creepy Polonius to his son Laertes, who was about to head off to the temptations of Paris in the play Hamlet. Sage advice as it may appear, the truth is that each and every one of us is a lender – often with…

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Cyprus crisis: What are capital controls and why does it need them?

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