HUFFINGTON POST: …The euro dropped 0.1 percent to $1.2849, not far from the four-month low of $1.2828 hit on Tuesday.
The common currency is still suffering from suspicions that bank depositors and bond holders may be forced to foot the bill in future rescue deals in the euro zone, with the Cyprus bailout used as a precedent.
Jeroen Dijsselbloem, head of the Eurogroup of finance ministers, ignited those suspicions on Monday when he said the rescue plan for Cyprus would serve as a model for future euro-zone banking crises on Monday. He later appeared to backtrack, saying Cyprus was a unique case, but the damage was done… (more)
EDITOR: Stupid, stupid, stupid….who would leave money in a bank when there is a risk that it will be seized by the government!
