Good excuse for the banks to sell their euro's on the spike and go buy more US strong dollars.
Rumor circulating about Greek capital controls
French press talking about capital controls as soon as today. There is a report on twitter, from the EU corresponded for the magazine Liberation, that Greece is considering capital controls either today or on April 10. If you're planning on introducing capital controls, which seems less likely now that bank deposit flight has begun to ebb, you want it to be a complete surprise. I'm trying to track down the original report. Update: The euro now appears to be rallying on the chatter but you'd think it would be the opposite. Update 2: I've tracked down the original tweet, I believe, but it also cites rumours and doesn't ... (full story)