News Headline Summary

Cyprus has negative implication for EU bank creditors, according to Moody's

Says:

- Cyprus move may hurt bank ratings across Europe.

Reaction details (03:03)

- No reaction seen across the board.

Analysis details (03:04)

- Euro zone leaders and Cyprus agreed on Saturday that depositors should be taxed up to 10% - 6.7% on amounts below EUR 100,000 and 9.9% on figures above that - to raise EUR 5.8bln and be eligible for an international bailout.

18 Mar 2013 - 02:47 - - Source: Newswires

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