News Headline Summary

Cypriot finance minister says bail-in of bank depositors highly unlikely, we will not accept it under any circumstances

Update details:

This is contradictory to reports pre-market in the Financial Times, who cited a confidential memorandum that an option for a Cypriot rescue could force losses on uninsured depositors in Cypriot banks, as well as investors in the country’s sovereign bonds.

Print 13:20, 11 Feb 2013 - Economic commentary - Source: Newswires