Vladimír Urbánek (Kurzy.cz)
World markets  |  March 27, 2013 09:45:51

Eurozone: Cyprus bailout plan will be a model for other countries, has been expressly tailored to measure

Front eurozone officials today issued a joint statement or written document, which declares that the Cyprus rescue plan will not be a model for a possible solution of debt problems in other eurozone countries. To refute the comments made to this effect at the beginning of the week the Dutch Minister of Finance Dijssenbloem.

According to representatives of the Union of Cyprus, the program is not a typical example, while it is literally "fully tailored tailored" to the specific conditions of the country's debt crisis.

On Monday, the Dutch finance minister comments have caused significant losses in equity markets.

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