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Edge of reason

Capital control grenade hovers over Greek impasse

Greek Finance Minister Yanis Varoufakis reacts at the start of the European Stability Mechanism (ESM) Board of Governors, ahead of the Eurogroup Meeting of Finance ministers in Luxembourg, on June 18, 2015.


CAPITAL controls offer a grenade-like approach to breaking the Greek impasse. As Athens continues to spurn a bailout deal with European negotiators, domestic bank deposits are heading out the door. For euro zone finance ministers gathering on June 18 in Brussels, restricting Greeks