The end of the single currency.

[davywavy]

Just a quick one. Cyprus has just passed capital controls into law, preventing people from taking their own Euros out of the country. Given that the purpose of a single currency is the free movement of capital, it can reasonably be said that the Cypriot Euro and the European Euro are now effectively different currencies.

Comments

[davywavy.livejournal.com]

In a black-humour sort of way, that just makes it even funnier.

Why the EU doesn't go the whole hog and build a wall along the border in order to protect the people from foreign influences I don't know.