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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

"You have to Destroy the Maastricht Treaty to Save It" - Mish - Global Economic Analysis

But few notice the capital controls that have been in effect in the U.S. for several years.

Oh that's right. These are just Anti-laundering efforts. For our own good.

Never mind.

Commented 4248 days ago

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Beginning of the headline :There are plenty of news headlines rattling Europe today. Let's take a look at some of them. Severe Capital Controls in Cyprus In spite of the fact the Maastricht Treaty under which the eurozone was formed mandates a free flow of capital, Cyprus unveils severe capital controls. "Cyprus is the first eurozone country ever to apply capital controls, with limits on credit card transactions, money transfers abroad and the cashing of cheques. Depositors will be limited to credit card transactions o... Read More

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