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Bank of America: Only ECB can contain Cyprus exit fallout

22.03.13 @ 21:09

  1. By EUOBSERVER

Bank of America-Merrill Lynch counts on the eurozone to bail out Cyprus. But in case Cyprus exits the euro, "the shock would be contained geographically and in magnitude" only if the European Central Bank steps in and protects other southern euro-countries with cheap loans and by buying up their bonds.