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CNBC Worldwide Exchange March 27, 2013



announcer: you re watching worldwide exchange, bringing you business news from around the globe. back in the saddle here at worldwide exchange from brussels, where there s still plenty of news and speculation about just what the euro group is up to with the region s banks. plenty going on in cyprus, too. ross westgate is away, but bill blaine is here to help me through the program. first, straight to the news. capital controls are expected to be in place within the hour in cyprus, this paving the way for banks on the island to reopen tomorrow. cypriot bank workers have taken to the streets amid worries about job losses and ongoing confusion about the extent of the hit to uninsured depositors. the country s finance minister, nicholas sarris, says capital controls should help restore balance to the financial system. we believe that some sort of capital controls that will moderate whatever outflows are bound to happen will restore confidence and they will be re ....

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