Uncertain Cypriot Situation Still Overhanging Markets

March 19, 2013

Despite talk of fine-tuning the proposed Cypriot levy on bank deposits, uncertainty in this area and the risk of copy-cat actions elsewhere in the euro area continue to worry investors worldwide.  A hope exists that small depositors may be exempted, but then big deposits would be penalized more heavily than proposed initially.  The Cypriot parliament […] More