Monday, March 18, 2013

Factbox: Cyprus Contagion – Who’s Looking Poorly?



1. Cyprus bailout sets levy on bank deposits. Should euro zone depositors be worried? 2. How big is the levy? 9.9% on deposits over €100k; 6.75% on smaller deposits; Deposits under €20k may be exempted; Levy intended to raise €5.8bln 3. News sent euro zone bank stocks as much as 4% lower as investors fear precedent is set... 4. So how exposed are the euro zone strugglers? Total Bank Deposits: Italy: €2,437.1bln. Spain: €2,297bln. Greece: €252.5bln.