Future Eurozone Bank Rescues Will Follow Cyprus Model

Law360, New York (March 26, 2013, 7:50 PM EDT) -- European officials appeared at odds this week over whether the Cyprus bailout should become a model for resolving future eurozone banking crises, but experts predict the European Commission's forthcoming regime for winding down banks will similarly force large depositors and creditors to foot the bill for failed financial firms.

As part of a $13 billion bailout deal, the Cypriot government and the so-called Troika — the European Union, the European Central Bank and the International Monetary Fund — agreed to a resolution of one of the...
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