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Dijsselbloem - drawing conclusions too quickly for markets' liking (Photo: consilium.europa.eu)

Euro chief spooks markets with Cyprus comments

Eurogroup chief Jeroen Dijsselbloem on Monday (25 March) spooked markets when he said that Cyprus' bailout is a template for future eurozone bank re-structurings - comments he later modified.

In an interview with Reuters and the Financial Times, the Dutch finance minister suggested that the just-agreed Cyprus deal in which shareholders, bond holders and uninsured deposit-holders will face substantial losses will be replicated in future eurozone bank bailouts.

“If there is a risk i...

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Dijsselbloem - drawing conclusions too quickly for markets' liking (Photo: consilium.europa.eu)

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