Is Cyprus a Game Changer?
Brief Summary
The Cyprus bailout imposes taxes on depositors, raising concerns about contagion to other Euro Zone economies.
Key points
- Cyprus Bailout Controversy. The bailout in Cyprus imposes taxes on all depositors, sparking widespread concern.
- Potential Contagion Risk. The Cyprus situation raises fears of bank runs in Italy and Spain.
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Episode highlights
- Cyprus Bailout ControversyThe bailout in Cyprus imposes taxes on all depositors, sparking widespread concern.“Not even small depositors now are safe.”1:21Mar 19, 2013
- Potential Contagion RiskThe Cyprus situation raises fears of bank runs in Italy and Spain.“The real danger is that people will extrapolate from what's going on in Cyprus.”3:43Mar 19, 2013
