The European Central Bank blocked any or debt write down
Uncategorized / May 1, 2014

Q next after Cyprus bailout BRUSSELS, March 26 (Reuters) In bailing out Cyprus and taking funds from savers instead of taxpayers, the euro zone has crossed a Rubicon with implications for future banking rescues in other countries despite assertions that the crisis in the island nation is unique. CYPRUS: ONE OFF OR TEMPLATE? Eurogroup Chairman Jeroen Dijsselbloem caused uproar in financial markets by moncler sale outlet saying in an interview with Reuters and the Financial Times that the Cyprus solution gave a flavour of how Europe would handle future bank crises, by making moncler usa banks solve their own problems rather than using European taxpayers money. Finnish Prime Minister Jyrki Katainen supported him, saying that thinking should guide a planned European moncler sale banking union, monclerdownjacket but clarified that he did not necessarily mean depositors should be hit in future. ECB policymakers sought to calm the ensuing storm and reassure savers throughout Europe by pointing out that Cyprus was unique in that its banks were largely funded by deposits rather than by issuing bonds and shares. The European cheap moncler sale Commission said it might be possible for large uninsured depositors to be as part of the future resolution of…

Al Della Fave, a spokesman for the Ocean County prosecutor’s
Uncategorized / May 1, 2014

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