Reuters – Carlyle’s Rubenstein Says Cyprus Scaring Depositers

Carlyle Group co-Chief Executive David Rubenstein said on Wednesday that inflicting losses on deposits at Cypriot banks has had a chilling effect across the world and could drive investors to pull their money from banks in other countries. A European Union bailout deal to save Cyprus from bankruptcy came with a raid on deposits over 100,000 euros in Cypriot bank accounts, an unprecedented move that has sent jitters across the single currency euro zone and beyond.

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