News Headline Summary
Cyprus has negative implication for EU bank creditors, according to Moody's
- Cyprus move may hurt bank ratings across Europe.
Reaction details (01:03)
- No reaction seen across the board.
Analysis details (01:04)
- 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 - 00:47
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