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Archives March 26, 2013 posted by

After Cyprus, eurozone faces tough bank regime

THE rescue programme agreed for Cyprus on Monday represents a new template for resolving eurozone banking problems and other countries may have to restructure their banking sectors, the head of the region’s finance ministers said.

“What we’ve done last night is what I call pushing back the risks,” Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of eurozone finance ministers, said hours after the Cyprus deal was struck.

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