“Inflicting losses on banks’ shareholders, bondholders and even large depositors should become the 17-country eurozone’s default approach for dealing with ailing lenders, a top European official said Monday.  Banks’ owners and investors must be held responsible ‘before looking at public money or any other instrument coming from the public side,’  said Jeroen Dijsselbloem, who chairs the Eurogroup gatherings of the 17 eurozone finance ministers.  The bailout program for Cyprus marks the first time in Europe’s three-year-old debt crisis that large deposit holders — wealthy savers, business people or institutions — will be forced to take losses.”

http://news.yahoo.com/top-eu-official-cyprus-bank-rescue-template-160720139–finance.html

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