Tuesday

28th Mar 2017

Ticker

Iceland ends 8-year capital controls

Iceland will lift capital controls on Tuesday, the government announced on Sunday. Controls on cross-border movement of capital were introduced in 2008 when the local banking system collapsed under the global financial crisis. "The risk of balance of payments disequilibrium that could cause monetary, exchange rate, or financial instability has diminished significantly in the past year," the government said, adding the decision represents the "completion" of Iceland’s return to markets.

Analysis

Lukashenka: End of an era?

The political spring in Belarus ended just as the actual season began, but greater changes loom after 23 years of dictatorship.

News in Brief

  1. EU court validates sanctions on Russia's Rosneft
  2. Luxembourg to team up with Ireland in Apple tax appeal
  3. EU majority against GM crops, but not enough to block them
  4. Turkish referendum voting starts in Europe
  5. Le Pen says she lacks election funds
  6. UN dinner for Cyprus leaders to restart stalled peace talks
  7. Nato moves summit forward so US can attend
  8. EU clears US chemical giants merger

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