28 Apr 2015
Greece: capital controls looming? – TDS
FXStreet (Edinburgh) - Strategists at TD Securities have not ruled out capital controls in Greece, to kick in during the next weekend.
Key Quotes
“For Greece, the focus has shifted from the Riga Conference to the Eurogroup meeting on 11 May as the earliest possible date that we may see some sort of agreement”.
“There is vague speculation that Greece could implement capital controls over the Bank Holiday on 1 May, but we don’t think they’re quite at that stage, yet”.
“But if anything happens, we would be looking for a bout of risk aversion that could penalize Ems”.
Key Quotes
“For Greece, the focus has shifted from the Riga Conference to the Eurogroup meeting on 11 May as the earliest possible date that we may see some sort of agreement”.
“There is vague speculation that Greece could implement capital controls over the Bank Holiday on 1 May, but we don’t think they’re quite at that stage, yet”.
“But if anything happens, we would be looking for a bout of risk aversion that could penalize Ems”.