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Fitch warns Cyprus levy boosts eurozone contagion risk

 
Published on Mar 21, 2013
5:49 PM
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PARIS (AFP) - Ratings agency Fitch warned on Thursday that any support package for Cyprus that includes a "stability levy" would increase the risk of contagion within the eurozone.

"Any support package that includes a 'stability levy' is effectively 'bailing in' depositors and therefore inevitably increases the danger of contagion risks within the eurozone," it said in a statement.
 
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