“Ladies and gentlemen, I would like to speak to you about the news that broke 20 minutes ago. The European Union is going to implement restrictions on the movement of capital.
If you are transferring money between EU countries, you’ll have to fill out an additional online form. It will be similar to coronavirus tracker forms, and possibly act as a precursor to actual transfer restrictions.
If you want to transfer money outside the EU, you’ll have to apply online for permission. The EU is debating how much individuals can transfer outside the block each year. The measure is intended to protect social justice within the eurozone.“
These were the opening sentences of my speech at the CEE Wealth Summit in Vienna on 5 May 2022, which I attended in my role as CEO of Sarnia Asset Management. READ MORE
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