The government of Greece is considering drastic measures such as the use of capital controls to stabilize its economy should the country default on its debts and begin to leave the European Union. As bailout negotiations between Greece and Eurozone leaders continue to stall, financial analysts and experts are considering the once untenable idea of capital controls.
The term saw airplay in headlines as recently as December 2014, when Russia considered (but ultimately did not implement) capital controls after the Russian Rouble tumbled in value, sparking a crisis so large that multinationals like Apple temporarily ceased its sales in the country. Capital controls were used to great effect in Cyprus when it experienced a financial crisis in 2013. Now, capital controls have become a part of the Greek "doomsday" scenario if it were to leave the European Union and its common currency.