Eric King: “Tom, the Cyprus disaster has so many people frightened, your thoughts there?”
Fitzpatrick: “I think at the end of the day some people focused on the size rather than the substance. At the early stages of last week, the European authorities were quite prepared to haircut insured depositors. While they may have pulled that idea back in, to a certain extent the cat is out of the bag….
Read the complete article at King World News here.
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