Dijsselbloem Says Capital Controls May Help Avert Grexit
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Dutch Finance Minister Jeroen Dijsselbloem raised the possibility of using capital controls to prevent Greece from leaving the euro, the most explicit mention of that option to date by a top European policy maker.
Dijsselbloem, who heads the group of euro area finance ministers, told BNR Nieuwsradio Tuesday that the 2013 Cypriot bailout shows temporarily shutting banks and restricting the flow of capital could stabilize Greece’s financial system and allow it to remain part of the currency union.