THIS IS IT: EURO IN FREE FALL! ITALIAN MARKET TANKING!!! BIG BANKS HALTED! Eurogroup Head: Cyprus Deal Template For Banks!! Italian Downgrade Rumor Is Back!!! -2. 50%, SPAIN -1.90%; ZERVOS: I’m Staying In My Bunker, And Not Buying Any Stock After This Cyprus News

Monday, March 25, 2013
By Paul Martin
March 25th, 2013

EUROGROUP PRESIDENT SPOOKS MARKETS: Says Cyprus Deal Is A Template For The Rest Of The Euro Area

Today, in an interview with Reuters and the Financial Times, Dutch Finance Minister and President of the Eurogroup of euro zone finance ministers Jeroen Dijsselbloem said that the Cyprus deal will serve as a template for future bank restructurings in the euro zone.

Faisal Islam‏@faisalislam4 min
Farmer Dijsselbloem reapeth what he sows. Never served on €group. Became President. last weekend, passed solution ‘violating EU principles’

Faisal Islam‏@faisalislam9 min
Dutch farming econ currently running Eurogroup, who passed solution “incompatible with EU principles ” says Cyprus solution “template” for €

zerohedge‏@zerohedge1 min
Unicredit, Intesa halted too. Must be all those people lining up to deposit cash

zerohedge‏@zerohedge2 min
Banco Poplare halted, limit down. Need Moar Bailoutz

zerohedge‏@zerohedge1 min
Luckily, there are no deposits over EUR100,000 at Unicredit, Intesa and Banco Popolare


The Rest…HERE

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