Mar 20, 2013

Cyprus: Capital Controls & Deposit Freeze Is The Only Way To Avoid Run On Banks

"Capital controls & Argentine-stlye deposit freeze (Corralito/Corralon) unavoidable in Cyprus given lack of a bail in deal. Only way 2 stop run." - in Roubini`s Official Twitter page

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.