Outgoing Eurogroup head says bail-in was only solution

Click For Larger Image & Read More
Outgoing Eurogroup head says bail-in was only...
 © CyprusMail 2018
As the situation shaped out in March 2013, the bail-in of depositors was the only remaining viable solution to save the banking system in Cyprus, outgoing Eurogroup President Jeroen Dijsselbloem said on Thursday.

“You need to realize that otherwise, a bailout of the banks and the full protection of deposits, would have completely bankrupted Cyprus,” the Dutch politician stated.

He was responding to a question about the deposits haircut posed by Cypriot MEP Costas Mavrides at the European Parliament’s finance committee.

Tracing the background to the bail-in,...


This article was automatically added to our system 7-12-2017

Outgoing Eurogroup head says bail-in was only solution


The contents of this article including any associated images are © CyprusMail 2018
Views & opinions expressed in this article are those of the author and/or CyprusMail .

Advertise Here

Trending Cyprus News

Advertise Here

Article Tags: outgoing, eurogroup, solution,

 

24hr News