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Eurointelligence Daily Briefing: Draghi's chances of succeeding Trichet are "getting better by the day" (Google link)
Bundesbank open to capital controls as a last line of defence

Bundesbank board member Andreas Dombret told Börsenzeitung that capital controls can be introduced by countries as "a last line of defence". "If they are used, it should be done temporarily and in a transparent and targeted manner", Dombret said. In combating high inflows of capital countries need to define a hierarchy of things to do. "If after that the inflows persists, capital controls can be considered", Dombret said. Capital controls were up until very recently a taboo and have only been proposed last week by the IMF in a position that was controversial among certain member states.



Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue Apr 12th, 2011 at 08:47:46 AM EST

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