Thursday

27th Apr 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.

EU starts legal action against Hungary

The EU Commission is to launch a legal probe into Hungary's attack on a Soros-funded university, but Hungary's Orban was unrepentant the he faced MEPs.

Opinion

Brexit is about Europe's future as well

Europe must learn the lessons of TTIP and ensure that the negotiations transparently address the broad interests of European citizens, including on climate change and the environment.

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  5. EU starts legal action against Hungary
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