News Headline Summary

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


- Cyprus move may hurt bank ratings across Europe.

Update details:

- 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.

Reaction details:

- No reaction seen across the board.

Print 00:58, 18 Mar 2013 - Asian News - Source: Newswires