PhotoIceland and Greece are rare examples of European countries experimenting with capital controls. Their approach to wooing back private investors is somewhat different. Iceland, which ended eight years of controls last week, seems altogether less starry-eyed. For every share acquired in 2013, private investors in Alpha Bank were given the chance to buy 7.4 further shares at a price a shade higher than the buy-in price. As the colder country with a much warmer economy, Iceland can afford to be relatively picky.

Source: New York Times March 21, 2017 18:33 UTC