REUTERS - EU Commission says capital controls in Cyprus must be brief, Mar 25, 2013

"(Reuters) - Cyprus may impose controls on the movement of capital but only for a temporary period of time, the European Commission said on Monday, hours after the island sealed a deal to close its second-largest bank in return for international aid. "Any measures to restrict or limit freedom of movement may only be enacted exceptionally and temporarily and that is what has been requested by the Cypriot authorities," Michel Barnier, the European Commissioner responsible for the 27-member European Union's single market, told a news conference in Brussels. "This is a restriction on movement that may only last a few days," he said. Barnier's remarks, where he underscored the need for any restrictions to be as brief as possible, adds to pressure on Cyprus to resume business as normal for its remaining banks as soon as possible. Banks in Cyprus remain closed and the country is expected to continue some controls on the movement of money when they reopen. "
info@als-alexander.org or interalex1@yahoo.com