Dijsselbloem defends Eurogroup over Cyprus bail-in plan
The Dutch finance minister and head of the Eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, refused to apportion responsibility to individuals related to the original plan to ‘bail in' small, insured depositors to rescue the Cypriot banking system.
Answering questions from members of the European Parliament's Economic and Monetary Affairs Committee (Econ), Dijsselbloem also appeared to justify the attempt to include small depositors in the plan by emphasising that the planned levy
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