Brussels, 28/03/2013 (Agence Europe) - Finance Watch, an organisation representing European consumers against the finance industry, has issued a press release saying that the solution found for bailing out Cyprus' banks should be a model for future bank crises.
In Cyprus, bank shareholders, bond-holders and people with savings of over €100,000 in the country's two biggest banks (the good assets of Laiki are being merged with a restructured Bank of Cyprus) will lose substantial amounts of...