Yikes: Eurogroup Head admits No Depositors Safe

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The Cyprus bailout is a template for Europe restructurings said the Eurogroup Head. The deal involved a hefty tax on depositor accounts above €100,000 ($128,000) and, more worrying for investors, an agreement to wipe out the senior bondholders of the Cypriot banks.

While that meant few losses for investors now, the big worry is what happens down the road should Italy and Spain start to stumble.

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