movement of money, people can be limited

Published November 20, 2014

European officials are working on range of contingency scenarios covering action that could be to control the movement of people and money in the event of Greece abandoning the euro currency, a European Union spokesman admitted Tuesday.

Olivier Bailly spokesman said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it's necessary to protect public order or public security.

"Some people are working on scenarios," he said, adding that the European Commission, the EU's executive branch, was giving legal advice to those who requested it.

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