Eurogroup chief Jeroen Dijsselbloem on Monday (25 March) spooked markets when he said that Cyprus' bailout is a template for future eurozone bank re-structurings - comments he later modified.
In an interview with Reuters and the Financial Times, the Dutch finance minister suggested that the just-agreed Cyprus deal in which shareholders, bond holders and uninsured deposit-holders will face substantial losses will be replicated in future eurozone bank bailouts.
“If there is a risk i...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login