The shock waves of the Cyprus bailout deal hit financial markets on Monday, as anger spread over a one-time levy on bank deposits on the small island at the fringe of the euro zone. This marks the first time since the start of the European sovereign debt crisis that average savers are being forced to help rescue a country's finances alongside taxpayers, investors and private creditors.
Read the rest of the Spiegel article here.
No comments:
Post a Comment