Fitch warns Cyprus levy boosts eurozone contagion risk

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.