‘Merkel’s pawn considers Cypriot haircuts elsewhere’

Published on 26 March 2013 at 10:46


The Spanish daily has harsh words for the President of Eurogroup who prompted a slump in European markets and a spike in risk premiums for countries such as Spain and Italy on March 25.
In an interview with Reuters and the Financial Times, the Netherlands’ Jeroen Dijsselbloem confirmed that the example of Cyprus, where savers with deposits of more than €100,000 will be forced to take a haircut, could apply in other countries that requested bailouts. However, he later went back on this suggestion.
Nonetheless, El Mundo argues that in his bid to follow a path mapped out by German Chancellor Angela Merkel, Dijsselbloem has sent “a lethal message” for the security of savers in the Eurozone.

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